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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