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 ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
