Days after warning its New York employees to return to office by this fall, American investment banking firm Morgan Stanley has now issued a new guideline stating that employees or clients, who are not vaccinated against COVID-19 will not be allowed to enter its premises. Unvaccinated employees will be asked to work remotely, BBC reported.

“Starting July 12 all employees, contingent workforce, clients and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York City and Westchester,” read an internal memo.

The move is probably aimed at lifting other COVID-19 restrictions like face covering and social distancing at the work space. However, the company has not issued a statement on it yet.

The company had already implemented its ‘vaccine only’ policy in some departments like institutional securities and wealth management.

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Earlier this month, Morgan Stanley CEO James Gorman said, “By Labour Day, I’ll be very disappointed if people haven’t found their way into the office and then we’ll have a different kind of conversation.”

The 62-year-old also said the company will also be open to dividing work time between the office and at home. He also hopes that most employees returning to offices will be vaccinated by the time they are required to return to office, saying over 90% have already received their shots.