Statement by the PRA on Covid guidance for firms

This Prudential Regulation Authority statement replaces previous guidance relating to coronavirus measures for PRA-regulated firms, in light of updates from UK Government.
Published on 09 November 2020

Firms should continue to follow relevant guidance, including updates on GOV.UK/coronavirus, to ensure they comply with any restrictions.

This includes following advice on:

  • Who should work from home, and ensuring that workplaces are safe
  • Use of face coverings in close contact services (including branch staff)
  • Coronavirus testing regimes.

We recommend that the Chief Executive Officer senior management function (SMF1) is accountable for ensuring an adequate process for following and adhering to government guidance. For firms that do not have an SMF1 Chief Executive Officer, this will be the most relevant member of the senior management team.

For any queries relating to PRA-regulated firms, please speak with your normal supervisory contact or email: keyworkersqueries@bankofengland.co.uk.

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