FCA updates webpage on Brexit preparations with guidance for EEA firms conducting business in the UK

Regulatory Updates | 11/11/20

The Financial Conduct Authority (FCA) has updated its webpage Preparing your firm for Brexit: end of the transition period, to include a new section on considerations for EEA firms conducting business in the UK. This states that where EEA firms do not intend to take advantage of either the temporary permissions regime (TPR) or the financial services contracts regime (FSCR), they should notify the FCA of their plans directly or through their usual supervisory contacts. The FCA expects financial services firms to treat customers fairly, including when considering what notice to provide and what support customers need to make alternative arrangements.