Manitoba’s financial firms remain essential: MSC

With Manitoba entering a new mandatory lockdown due to the effects of Covid-19, the Manitoba Securities Commission (MSC) has said that firms in that province’s financial sector can continue to operate as essential services.

The MSC, which is a division of the Manitoba Financial Services Agency (MSFA), said that under a government order imposing a mandatory closure of all non-essential businesses, firms that are engaged in the capital markets, insurance and other financial services can remain open.

“We will continue to be flexible during this extraordinary time,” the regulator said.

With financial-sector firms still operational, the regulator is working, too.

“The agency continues to take all necessary precautions to protect the health and safety of its employees and the public as we respond to the challenges of Covid and the recent surge in infection rates,” it said, noting that most staff are working from home.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.