FIN.

FCA looks at life beyond Brexit

In a speech on Brexit delivered by Nausicaa Delfas, Executive Director of International, the FCA reminded firms that the deadline for notifications under the temporary permissions regime is 28 March 2019.  Firms that may need to submit such a notification are urged to take action now.

In the speech, Ms Delfas also provided a roundup of FCA preparations for life in the immediate aftermath of EU withdrawal, including their approach to enforcement in the short term.

She also noted that a number of risk remain live, including the issue of contract continuity given the varying responses by Member States on this point, and operational risks arising from the need to migrate businesses, assets and contacts in a short period.

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Roseyna Jahangir