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 expectations – temporary long term absence
Richard Foster Compliance 2020, 2021, Certification, Conduct, Directory, FCA, PI, Register, Senior Manager, transfer
Following consultation in CP20/23, which was published in December 2020, the FCA has made changes to the Handbook. The affected sections are: SYSC 25.4 FIT 1.3 SUP 10A.14, 10C.9, 10C.10, 10C.11, 10C.14, 10C Annex 2G and 10C Annex 6R Form D In summary, the changes to the Handbook are intended to reflect the FCA’s […]