FCA Seeks To Smooth No-Deal Brexit With Contractual Continuity Measures

Payments and e-money firms in the European Economic Area (EEA) that do not gain temporary permission to continue operating in the UK after a no-deal Brexit would be saved from having to ditch existing British customers under new proposed rules.

A Financial Conduct Authority (FCA) consultation on contractual continuity was described by one expert as evidence of the UK’s “open for business” approach to the aftermath of the country pulling out of the EU.

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