March 23rd, 2020
TFR Global Responds to Covid-19 Outbreak With contingency plans in place to deal with major events.
TFR Global are working closely with the financial services sector to ensure it is responding effectively to the Covid-19 (coronavirus) outbreak.
With contingency plans in place to deal with major events. Alongside the Banks we are actively reviewing the plans ensuring a successful result. This includes assessments of operational risks, customer support/communication and health concerns.
TFR Global will take all reasonable steps to meet their regulatory obligations. For example, we would enter orders and transactions promptly into the relevant systems, use recorded lines when trading and give staff access to the compliance support they need.
As we continue to monitor the latest updates and information about the global COVID-19 outbreak, we are taking additional measures to ensure we safeguard the health of our employees and preserve our ability to operate. Over the past several weeks, we have been taking actions to help prevent infections at our sites around the world.
We have identified areas which we consider critical to operate. We are also stepping up our restrictions around site visitors by not allowing anyone who isn't considered operations critical to enter those areas, reducing the number of in-person meetings, and cancelling large group gatherings.
We are continuing travel restrictions to only business critical (both internationally and domestically) and have strongly encouraged our teams to carefully consider any personal vacation plans and if they travel to an area of concern, to self-quarantine for 14 days upon their return home.
Global financial markets have continued to sell off in recent days as COVID-19 fears have mounted. While this is a global health crisis with very significant human and economic impacts, it is important for investors to consider the issue and its implications in a disciplined and calm manner.