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FCA consults on Brexit contractual continuity provision

At the end of last year, the the Treasury published draft regulations making provision for contractual certainty for firms currently passporting into the UK in the event of a ‘hard’ Brexit.

Following this, the FCA has published CP19/02 on Brexit and contractual continuity.  This consultation paper is aimed at such incoming firms.  It consults on amendments to the FCA’s Handbook that would enable such firms to continue to service pre-existing contracts for a limited period after the UK’s withdrawal from the EU.

Responses to the consultation are requested by 29 January 2019.

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Roseyna Jahangir