FCA Finalises Brexit Guidance As Threat Of No Deal Looms

The UK’s Financial Conduct Authority (FCA) has released the final versions of its guidance in case of a no-deal Brexit, on the same day legislators shot down Prime Minister Theresa May’s third attempt to get her withdrawal agreement through parliament.

The guidance is largely unchanged from instruments issued in February this year, with the most significant development being a change to the effective date of March 29 — initially scheduled as the country’s departure date — to an unspecified “exit day”.

The change reflects the ongoing uncertainty around when the UK will ultimately leave the European Union.

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