The Right Mortgage confirms no overseas advisers will be suspended

Following no-deal Brexit

clock • 1 min read

Advisers do not need to seek authorisation from local EU regulators to continue to operate, it has been confirmed.

Yesterday PA's sister publication COVER revealed The Right Mortgage had informed a protection advice firm that two of its advisers working overseas in the EU would be suspended in the event of a no-deal Brexit, unless authorisation from their local authority had been achieved, even though they only advised UK business. Since, The Right Mortgage has confirmed that following a conversation with the Financial Conduct Authority (FCA), no advisers working overseas will be suspended from the network if the UK leaves the EU without a deal. This is on the understanding that they only deal with U...

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