UK’s FCA unveils ‘near-final’ plan to cope with hard Brexit

Financial Conduct Authority

The UK’s Financial Conduct Authority published a series of papers setting out its plans for a hard Brexit on February 28, as the risk grows that the UK could crash out of the European Union with no deal.

The documents, which the FCA describes as “near-final”, set out the basis for a temporary regime to allow European financial firms to continue operating in the UK after Brexit, as well as regulatory regimes for credit rating agencies, trade repositories and securitisation repositories.

They

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