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News Financial Services are “Essential Services” Exempt from Governor Baker Order to Close Physical Locations

The Division of Banks notes that all entities chartered and licensed by the Division are covered by the essential services list and therefore exempt from Governor Baker’s March 23rd declaration
3/23/2020
  • Division of Banks

On March 23, 2020 Governor Baker issued an emergency order requiring all businesses and organizations that do not provide “COVID-19 Essential Services” to close their physical workplaces and facilities to workers, customers, and the public as of Tuesday, March 24th at noon until Tuesday, April 7th at noon.

Here is the link to the detailed list of the many services and operations that are deemed essential for the next two weeks, which is based on federal guidance and amended to reflect the needs of Massachusetts’ unique economy.   

The Division of Banks notes that all entities chartered and licensed by the Division are covered by the essential services list and therefore exempt from Governor Baker’s March 23rd declaration.  Businesses and other organizations that provide essential services are urged to continue operations during the state of emergency, but to do so consistent with social distancing protocols.

You can read the Governor’s press release with additional updates here. The latest information and guidance regarding COVID-19 is always available at mass.gov/COVID19 too.

 

Division of Banks 

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
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