The Financial Conduct Authority (FCA) is requiring its staff to spend at least 40% of their working time each month in the office.
Senior leaders are being encouraged to spend a minimum of half their time in the office, the regulator added.
The rules are part of the regulator’s new hybrid working policy that will be introduced from 5 September and will be in place until at least the end of next year.
It was revealed in the minutes of FCA’s 15 July board meeting which were published today and followed a hybrid working survey conducted by the regulator.
The minutes noted that the FCA executive committee had considered the survey findings and decided a hybrid working policy requiring minimum attendance in the office of 40% across each month will be implemented from 5 September 2022 and will be in place at least until the end of 2023.
“Senior leadership team members will be encouraged to meet a 50% minimum. The fully dispersed pilot will continue for teams, subject to local management approval, until the end of 2022,” the FCA said.
“Staff will be required to attend the office for certain activities, including team events, and performance reviews and discussions. The board supported the decision on hybrid working.”
