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Published 19 October 2021
Many firms that have been operating remotely during the pandemic are putting hybrid working arrangements in place.
Last week the FCA set out its expectations of these firms: https://www.fca.org.uk/firms/remote-hybrid-working-expectations.
The key points are:
A robust plan will help show that the firm and its Senior Managers have taken reasonable steps in the event of an investigation. A Senior Manager should be given responsibility for overseeing implementation of the plan. Those tasked with preparing a draft will need to consult Senior Managers to identify key risks and proposed solutions. It will take time for firms to fully understand what type of arrangement will work best for them and their employees. The arrangements they put in place now should therefore be flexible enough to enable firms to make changes in future.
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