Regulatory AlertsBrexit: FCA approach to EU non-legislative materials
The Financial Conduct Authority (FCA) issued this guidance to define its post-Brexit approach to non-legislative materials produced by the European Supervisory Authorities. The document requires firms to continue applying pre-IPCD EU Guidelines and Recommendations where relevant, interpreting them in light of UK legislative changes and specific national exceptions. It further instructs market participants to sensibly interpret references to EU processes or authorities by aligning them with current UK law and domestic regulatory responsibilities.
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