Bank of England’s approach to financial services legislation under the European Union (Withdrawal) Act 2018 – February 2019

Industry News | 28/02/19

The Bank of England (BoE) has published a package of materials updating firms on its regulatory and supervisory approach in relation to the EU withdrawal. The package builds on the BoE’s previous engagement with firms on their preparations around EU withdrawal, and acts as a contingency for a scenario in which the implementation period, which has been agreed in principle as part of the UK’s Withdrawal Agreement with the EU, does not take effect on 29 March 2019.