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
FCA Survey – problem question
Michael Senior Compliance 2022, FCA
We wrote recently about the latest FCA survey. This is mandatory and some firms have been querying how to answer one of the questions. The question asks – What are your estimated cash needs (fixed costs, known variable costs) and expected cash inflows between 1 March and 31 May 2022? (GBP) Please report the […]