FCA promises 'pragmatic' view on Brexit day as UK remains a long way from deal

Pedro Gonçalves
clock • 2 min read

The FCA will take a "proportionate and pragmatic" approach to reporting supervision on Brexit day should the UK leave the EU without a deal on 31 October. In a statement, the UK's financial regulator reminded firms to take "reasonable steps" to continue to report transaction costs in line with Mifid and the Emir trade reporting rules. "Leaving the EU during the working week could pose operational challenges for firms," the regulator acknowledges. FCA international executive director ...

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