The FCA has been keen to ensure it is 'business as usual' in the wake of the EU referendum. To determine what that might mean, Abdulali Jiwaji and Johnny Shearman review the regulator's Business Plan in the light of Brexit and the arrival of a new chief executive
On 23 June, Britain voted to leave the European Union (EU). Now widely referred to as ‘Brexit', the vote will have significant implications for Britain's financial sector. On the morning of the referendum result, the Financial Conduct Authority (FCA) issued a statement confirming that "[EU] regulation will remain applicable until any changes are made, which will be a matter for Government and Parliament". The regulator also said: "Firms must continue to abide by their obligations under UK law, including those derived from EU law and continue with implementation plans for legislation that...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
