March 9, 2020 / 8:15 PM / in 22 days

U.S. financial regulator grants relief to brokers amid escalating coronavirus fears

(This 10th March story corrects to clarify it’s allowing brokers to delay inspections)

WASHINGTON (Reuters) - The U.S. Financial Industry Regulatory Authority (FINRA) on Monday said it had granted regulatory relief to broker dealers as the industry triggers coronavirus contingency plans.

The agency said in a statement that home-trading supervisory arrangements should be “reasonably designed,” adding that it would allow brokers to delay scheduled onsite inspections of their branch offices during any trading disruptions.

Reporting by Katanga Johnson and Michelle Price; Editing by Sandra Maler

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