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Irish regulator demands Brexit contingency plan from UK brokers

map-of-ireland

Options for UK brokers doing business in Ireland include partnering with a local broker or applying for authorisation from the Central Bank of Ireland.

The Central Bank of Ireland has asked UK-based brokers placing business in the country to confirm their contingency plans for Brexit.

In a letter to firms the Central Bank set out its expectations on the steps businesses should take ahead of the withdrawal date at the end of March 2019, in case there is no transition agreement between the UK and the European Union.

Neil Campling, chief executive officer of ICB Group, said brokers had ten days to provide the Central Bank with the requested

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