Regulator says it is preparing for a range of Brexit outcomes, including no deal

The FCA said it is preparing for a range of Brexit scenarios, including a no-deal Brexit.

Brexit signpost

In a statement following the Treasury’s announcement on amending financial services legislation, the FCA said is to be tasked with amending and maintaining EU rules that sit beneath EU directives.

It said it will be amending its handbook to keep it consistent with changes to EU law following Brexit.

In the run-up to the UK leaving the EU in March 2019, the FCA will limit Handbook changes that are unrelated to Brexit.