Financial services lockdown update - FMA hopes to add to list

However, firms are still able to go on-site to maintain critical systems/infrastructures which cannot be completed remotely. This is covered under clause 18 (2) of the Order.

There is also a provision (Schedule 2, number 29) to operate “Businesses or services necessary to maintain other Alert Level 4 businesses or services”.

This includes back-office functions, treasury, payment, settlement,  registry functions, or other similar activities.

Under Alert level 4, financial services firms may not currently provide any services face-to-face with the public. In all cases, if employees need to work on-site, they should be strictly limited.