Latest FCA Policy Statement on BREXIT

5 March 2019 Alistair MacDougallCompliance

The FCA has today (5 March 2019) published PS19/5 comprising feedback on all previous consultation papers in relation to the UK leaving the EU.

We will be analysing this in the near future and will write further if appropriate.

Meantime, here is the FCA’s update release from today:

“We have published our Brexit Policy statement, which responds to these consultation papers:

CP18/28 and CP18/36 on proposed changes to the Handbook and BTS
CP18/29 on a temporary permissions regime for inbound firms and funds
CP19/2 on Brexit and contractual continuity
CP18/34 on regulatory fees and levies (regarding question 10 on firms in the temporary permissions regime contributing to the devolved authorities’ debt advice levy)

We have also set out more detail of how we intend to use the temporary transitional power.”

You can access the policy statement and information on the temporary transitional power on our website: https://www.fca.org.uk/publications/policy-statements/ps19-5-brexit-policy-statement

You may also be interested in reading the press release: https://www.fca.org.uk/news/press-releases/fca-confirms-proposals-event-no-deal-brexit

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