Bank of England Press Release – EU Withdrawal Act

Bank of England’s approach to financial services legislation under the European Union (Withdrawal) Act – October 2018

The Bank of England released today

Thursday 25/10/2018

The Bank of England has today updated firms on its regulatory and supervisory approach in relation to its work on EU Withdrawal. The package of communications published today sets out changes to our rules and binding technical standards arising out of EU Withdrawal.

It also sets out further guidance on the process for authorisation and recognition for incoming EEA firms and non-UK FMIs, including the temporary permissions and recognition regimes. The package does not reflect any policy changes other than those related to EU withdrawal, and builds on previous communications to firms on their preparations around EU withdrawal.

For the full press release, please visit: Bank of England EU Withdrawal

There is not advice from Sturgeon Ventures just guidance.

 

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