FCA sends Dear CEO letter on cross-border booking arrangements post-Brexit

Industry News | 09/08/18

The chief executive of the Financial Conduct Authority (FCA), Andrew Bailey, has sent a Dear CEO letter on contingency planning for cross-border booking arrangements post-Brexit. Mr Bailey reminds firms that if they are expanding their presence elsewhere in Europe, the structures they put in place must enable the FCA to supervise the conduct of their UK business effectively and meet the FCA’s threshold conditions.