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FCA advise the steps firms should take to help identify key workers in financial services

On 19 March 2020, the UK Government published guidance for schools, colleges and local authorities(link is external) on maintaining educational provision. Schools are being asked to continue to provide care for a limited number of children whose parents are critical to the coronavirus (Covid-19) response and cannot be safely cared for at home. This includes parents who work in financial services and are needed for the provision of essential financial services (key financial workers).

A key financial worker at a dual-regulated, FCA solo-regulated firm or PSR-regulated firm, or operators of financial market infrastructure, 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.

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