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Financial Services Law Insights and Observations

Massachusetts governor orders closure of non-essential services

State Issues State Regulation Governors Massachusetts Licensing Covid-19

State Issues

On March 23, the Massachusetts governor ordered all businesses providing non-essential services to close their brick and mortar premises as of noon on March 24 and not to re-open until April 7. The order was accompanied by a list of essential services that included financial services. The Massachusetts Division of Banks confirmed via a notice that all entities chartered and licensed by the Division are considered essential services exempt from the governor’s emergency order.

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