Are you ready for Brexit?

December 2020


The FCA has reminded firms to be ready for the end of the transition period in 1 month’s time. When the transition period ends at 11pm on 31 December, firms will need to be prepared for a number of changes to the regulatory environment in which they operate. EU laws will no longer apply (although most have been ‘onshored’) and passporting will end. Firms that intend to carry on providing services currently covered by a passport will need to ensure they will be able to do so after the end of the transition period.


 


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