The Financial Conduct Authority has confirmed that inspections of City workers’ home offices will be a rare occurrence, after Financial News reported that City bosses had called lawyers over the watchdog’s latest guidance on the matter. 

The FCA asked City bosses how they intended to communicate with staff “that FCA visits could take place in their homes” in an 11 October note which also asked finance executives to demonstrate how a pandemic-era shift in working patterns would not damage the market, increase financial crime, or harm customers.