Tag: Hard Brexit

FCA publishes its Quarterly KPIs, no clear trends indicative of firm responses to Brexit
December 12, 2018 BY Valentina Kirilova

FCA publishes Quarterly KPIs, no clear trends indicative of firm responses to Brexit

UK financial regulator Financial Conduct Authority (FCA) has published its Authorisations Quarterly Key Performance Indicators (KPIs) as at September quarter. These indicators provide key metrics on the performance of the FCA’s Authorisations Division, including authorisations, cancellations, variations of permission, change in control, and passporting. The latter seems to be of most interest these days due…

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July 24, 2018 BY LeapRate Staff

UK wealth managers warn of No-Deal Brexit consequences

The UK’s leading wealth management and financial advice association PIMFA has issued a notice which raises its concerns on the potential impacts of a ‘no-deal’ Brexit, and how it will affect both private investors as well as PIMFA’s member firms. PIMFA is the leading trade association for firms that provide investment management and financial advice to…

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FCA regulation
July 19, 2018 BY LeapRate Staff

FCA approach to Brexit: temporary passports and cliff edge risks

However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…

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July 12, 2018 BY Valentina Kirilova

ESMA warns UK entities to prepare for a no-MiFID hard Brexit

The European Securities and Markets Authority (ESMA) has announced that it is issuing a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a…

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