FCA extends use of temporary transitional powers until the end of 2020
Move reflects the extension of Article 50 and guidance remains the same despite the timeline change.
The Financial Conduct Authority (FCA) has said that it plans to lengthen the duration of temporary transitional power until the 31 December 2020.
This change is made to echo the extension of Article 50 and other than this extension the regulator’s plan is staying the same.
It was granted temporary transitional power at the beginning of the year to help to reduce disruption for firms and other regulated organisations if the UK leaves the EU without a deal.
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