FCA updates no deal Brexit guidance

Brexit

The Financial Conduct Authority (FCA) has issued an update regarding the responsibilities of regulated firms under a no deal Brexit.

The regulator reminded firms that passporting will end if the UK leaves the EU without a deal on 31 October.

Any EEA passporting firm that wants to continue operating in the UK must notify the FCA by 30 October that they wish to enter the temporary permissions regime (TPR).

After the UK’s exit, firms using the TPR will be given a ‘landing slot’ by the FCA,

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