Regulatory Alerts2018-11-23
Brexit: Proposed changes to the Handbook and Binding Technical Standards – second consultation
The Financial Conduct Authority proposes amendments to its Handbook and Binding Technical Standards to ensure regulatory continuity and functionality following the UK's departure from the European Union. These changes address cross-cutting issues such as the loss of passporting rights, the revocation of E-Commerce Directive exemptions, and the adaptation of language requirements to reflect the UK's new status as a third country. The consultation also outlines the Temporary Permissions Regime for incoming EEA firms and establishes general continuity provisions to manage regulatory obligations straddling exit day.
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