fscom News and Events

Brexit Planning: Understanding The Authorisation Process In EEA Jurisdictions

[fa icon='calendar'] 14-Feb-2019 11:00:00 / by James Borley posted in BREXIT, authorisation, passporting

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No-deal Brexit – is there a regulatory backstop?

[fa icon='calendar'] 06-Feb-2019 16:35:00 / by Jamie Cooke posted in BREXIT, authorisation, Compliance

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Following another week of inconclusive Brexit debate at Westminster, the prospect of a disorderly, no-deal withdrawal seems, either by accident or design, to be looming larger on the horizon.

It occurs to me that whilst many UK authorised firms have made responsible plans for the migration of their European business, many such plans have reasonably assumed that either withdrawal would be governed by an EU / UK trade deal or that that the agreed transition period to 2020 would apply. Or perhaps both.

I expect that the immediacy of the 29 March is now concentrating the minds of boards in all firms whose applications to European regulators have yet to be approved. In particular, I suspect they will be urgently developing contingency plans for a no-deal Brexit, should one occur. (Download fscom's Brexit Planning E-book here)

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