'Too early' to know Brexit's effect on financial services - FCA

'Need to wait' for outcome of UK's negotiations with EU

Tom Ellis
clock • 1 min read

It is still too early to speculate on the effects Brexit will have on the UK's financial services sector, according to FCA director for competition Deb Jones.

Speaking to an audience of advisers at today's Financial Services Expo in London, Jones said: "The [EU] referendum outcome naturally has ramifications for financial services across the UK. But it's still too early for me to speculate on the extent [of its consequences]." Despite the uncertainty surrounding Brexit, Jones reiterated the FCA's stance that it is still 'business as usual' for firms, adding: "Three things are apparent - first, firms must continue to abide by their obligations under UK law - including those derived from EU law - and they should continue with implementation plan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA unveils open finance vision including 'tailored financial advice' help

FCA unveils open finance vision including 'tailored financial advice' help

Highlights need for ‘urgent action’ by advisers, tech expert says

Sophia Panayi
clock 14 April 2026 • 3 min read
FCA expected to align trail commission with Consumer Duty rather than 'switching off' service

FCA expected to align trail commission with Consumer Duty rather than 'switching off' service

Consultation is about ‘understanding and evidencing impact’

Sophia Panayi
clock 09 April 2026 • 4 min read
'Slow start' expected for targeted support as rules go live

'Slow start' expected for targeted support as rules go live

Royal London one of the first to get FCA approval

Sophia Panayi
clock 07 April 2026 • 4 min read