-
FCA updates directions under its Temporary Transitional Power
The UK Financial Conduct Authority (FCA) announces that it has updated and published draft directions under its Temporary Transitional Power (TTP). The TTP, as FinanceFeeds has reported, offers the FCA flexibility when it comes to applying post-Brexit requirements, allowing firms to transition to a new UK regulatory framework. The directions are set to become effective on exit day if the UK leaves the EU without an implementation period. Pursuant to the directions, firms do not generally need to prepare now to meet the changes to their UK regulatory obligations related to Brexit. However, in some cases, firms must ... (full story)