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Financial Services Law Insights and Observations

Pennsylvania governor and health secretary issue stay at home orders

State Issues Pennsylvania Covid-19

State Issues

On March 23, the Pennsylvania Governor and Secretary of Health issued stay at home orders to certain counties. The orders direct residents of certain Pennsylvania counties to stay at home except as needed to access, support, or provide life-sustaining business, emergency, or government services. The governor issued additional guidance indicating that certain businesses engaging in financial activities may continue physical operations. For example, credit intermediation and related activities, insurance carriers and related activities, and certain funds, trusts, and other activities may continue physical operations. However, securities and commodity exchanges and other financial investment activities may not continue physical operations, unless they are considered financial services under the Cybersecurity and Infrastructure Security Agency advisory. The orders took effect at 8:00 PM on March 23, 2020, and will remain effective until April 6, 2020.

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