FCA has published an updated version of its Handbook to reflect the rules that will apply at the end of the Brexit transition period, and explained how it will use its Temporary Transitional Power.
Broadly, FCA plans to use the TTP widely until 31 March 2022, which will have the effect of not requiring firms to do much now to prepare for the changes to their regulatory obligations that the onshoring rules will require.
FCA notes that there are some areas in which firms should already be preparing for the changes that will take effect at the end of the transition period, not least in MiFID 2 transaction reporting, EMIR reporting, CASS rules, mortgage lending against land in the EEA and payment services SCA.
Alongside the rules, which can be viewed by time travelling the Handbook. FCA has published a guide on the post-Brexit Handbook and how to use it.
PRA has also put a new webpage on its website, detailing the changes to its rules, and how firms should be planning to transition.