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FCA Step up Brexit Focus for Firms
Increased Brexit Focus for Regulated Firms
16th September 2019
With 31st October 2019 fast approaching, the Financial Conduct Authority is stepping up its focus to ensure regulated firms are prepared for Brexit with or without a deal.
The FCA is striving to remind firm that if they have not yet assessed the Risks that Brexit poses on their Firms then they need to give it immediate attention otherwise they face putting their businesses at risk.
Nausicaa Delfass, the Executive Director of International at the FCA stressed:
“We expect firms to ensure they are ready if there is a no-deal. If firms haven’t finalised their preparations, there is a risk they could be impacted. Firms should consult the information on our website.”
In recent days the FCA has published not only an FCA Speech given by the Chairman of the FCA entitled ‘Preparing for Brexit in Financial Services: the state of play’ but also a Press Release.
For more information on how your firm can prepare for Brexit, visit our previous article:
Read our latest articles, news and views affecting compliance and regulation in the UK Financial Services Industry.
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