FCA updates temporary transitional power directions ahead of Brexit
Regulator says firms do not generally need to prepare now to meet the changes to their UK regulatory requirements connected to Brexit.
The Financial Conduct Authority (FCA) has updated and published draft directions under its Temporary Transitional Power (TTP).
The newly published draft directions are added onto the directions made on 28 March 2019. Alongside this the FCA also updated its explanatory note providing guidance on the use of the TTP.
The draft directions are being published now to give firms time to consider changes which may apply, before these are finalised.
In a statement the regulator explained that these
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