thewealthnet

Who are the 'key workers' in financial services?

News Team, 23/03/2020

Following Boris Johnson’s announcement on Friday that the children of key workers are allowed to continue to go to school, the FCA has published guidance as to what constitutes a “key worker” in the financial services industry.

A key worker is one which "fulfils a role which is necessary for the firm to continue to provide essential daily financial services to consumers, or to ensure the continued functioning of markets," the regulatory body said in a statement.

Such workers could come from dual-regulated, FCA solo-regulated or PSR-regulated firms, or other operators of financial market infrastructure.

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