There might be a deal. There might not be. Either way, the FCA has done quite a lot of work in preparation for BREXIT and you can access that information here.
The information includes a guide for firms in preparing for BREXIT.
The FCA has made arrangements for non-UK firms to continue operating post-BREXIT. Unfortunately, to date, the EU has not reciprocated and UK firms that currently passport services into an EU or EEA country, or who wish to do so, will need to contact the relevant regulator in the countries where services are provided to identify what is required to be able to provide those services after BREXIT at the end of March 2019.
The EU/EEA countries are Austria, Belgium, Bulgaria, Croatia, Cyprus (Republic of), Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
Details of all regulators in the EU/EEA can be found here.
Regulatory permission – use it or lose it
Michael Senior Compliance 2021, FCA, ML, protection, Register
The FCA has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms. Responses to the consultation (CP21/28) close on 29 October 2021. The driver behind the proposed power is the regulator’s belief that incorrect or outdated permissions […]