FCA updates on Brexit preparations

FCA has urged firms to make sure they have considered how the end of the transition period will impact them and their customers.  It has updated its webpage to include stressing that firms with any client money or custody assets in or with a safeguarding institution in the EEA should review their due diligence to make sure there will be no increased risks – in particular, that existing safeguards and protections for client assets, especially in the event of insolvency, will still be effective after the transition period ends.