FCA prepares for no deal Brexit
The watchdog has published a set of proposals to prepare for the possibility of leaving the EU without an implementation period.
The Financial Conduct Authority (FCA) has responded to the Government’s developing position on the UK exiting the EU and potential risk of a no deal exit with a retooled set of consultations.
The aim is to ensure a sound regulatory framework and avoid significant disruption on exit day (29 March 2019) if this goes ahead without an implementation period.
The documents follow the FCA’s October Brexit consultation and the watchdog has already indicated it is preparing for a “hard Brexit”.
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