The UK has now left the EU. We are in a transition period which is due to end on 31 December 2020. While most rules and requirements continue unchanged during the transition for most firms and most clients, it is prudent to keep up to date on the current position and what is likely to happen when the transition period ends.
The FCA has gathered all its BREXIT related information and links here.
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The FCA has made some minor changes to the TC Rulebook.
MiFID II comes into being on 3 January 2018 but firms need to take action now.
The FCA is pushing ahead with implementation of the FAMR. The latest consultation paper explains what is happening.
Are you prepared for the changes to capital adequacy for personal investment firms that come into effect on 30th June?
FG17/4 – The fair treatment of mortgage customers in payment shortfall: impact of automatic capitalisations
Alistair MacDougall Compliance 2018, FCA, Mortgage, PI
Finalised guidance around automatic capitalisation of mortgage arrears.