Further to our news article dated 11 January 2021 providing details of the FCA's intentions to issue a third Covid 19 impact survey, we understand that this further survey is now being issued to relevant firms in Tranche 2.
The FCA issued the first phase of the Covid-19 Impact Survey in June 2020, covering around 13,000 firms (Tranche 1), and then rolled this out to a further 9,500 firms in (Tranche 2) at the beginning of August. The survey was then repeated for both Tranches 1 and 2 to understand the change in firms’ financial positions with time. The FCA is now repeating this survey for a third time to the relevant firms in Tranche 2 (having already sent a third survey to firms in Tranche 1 in January 2021).
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