FCA: Brexit Preparations
Published: 02 April 2019
The Financial Conduct Authority (FCA) has published updated information to help support UK firms in finalising their preparations for as smooth a transition as possible when the UK leaves the EU.
It is urging firms to ensure they are making any necessary changes to protect customers when leaving the EU, whatever the outcome of negotiations – for instance, in the event of a no-deal Brexit. Firms are also being reminded to consider what information needs to be communicated to their customers, and how this will be done in a way that is clear, fair and not misleading.
The FCA has published specific pages on its website for the following sectors:
- Retail investments
- Asset management
- General insurance
- Retail banks and payment
- Pensions and retirement
The FCA is working with industry membership bodies and relevant third parties to communicate the updated information. If you have any questions, please contact Tim.Matthews@fca.org.uk.