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.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
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See what 2020 has in store.
The FCA has issued a Dear CEO letter with further guidance regarding the approval of financial promotions.
Do your research and due diligence processes stack up in the face of PROD?
Sole traders and Single Director firms might look similar but they are treated differently under SM&CR.
Fifth Money Laundering Directive (5MLD)
Alistair MacDougall Compliance 2018, 2019, 2020, FCA, ML, PI, Update
Changes are effective from 10 January 2020. Make sure you are implementing the rules as required.