WBK Industry News - State Regulatory Developments

MD Governor Orders Closure of Non-Essential Businesses, Urges Citizens to Stay Home

As part of the state’s response to the COVID-19 crisis, Maryland Governor Larry Hogan signed an executive order on March 23, 2020, ordering the closure of non-essential businesses, and urging all citizens to stay at home.  In an official state legal counsel opinion, essential services are defined to include the financial services sector, specifically including banks, credit unions, and non-bank lenders, among others, in the definition of essential services.  The legal counsel opinion also incorporates the federal government’s critical infrastructure report, which includes financial services.

The Executive Order is located here.

The legal opinion is located here.

The federal government’s critical infrastructure sectors information, which includes financial services, is available here. 

The specific federal critical infrastructure sector plan for financial services is available here.