FCA issues statement on financial regulation status after Brexit vote

Financial Conduct Authority

Regulator monitoring developments and liaising with Bank of England.

The Financial Conduct Authority (FCA) has reacted to the vote in favour of a Brexit and stressed that financial regulation remains applicable until any changes are made.

The referendum on 23 June saw the UK deliver a majority verdict in favour of leaving the European Union.

The watchdog detailed that the decision by the electorate has significant implications for the country.

In a statement the FCA reported: "Much financial regulation currently applicable in the UK derives from EU legislation

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