 Getting ready for a new environment
On 31 December 2020, at 11pm, the transition period will end, and the UK will enter into a new phase. It will mean EU law and the rules relating to the single market will no longer apply in the UK.
We have been taking steps to prepare for all scenarios at the end of the transition period, to minimise disruption to the extent we reasonably can and have been supporting firms to do the same.
At the end of the transition period, firms will have substantially the same regulatory requirements as before we left as we and the Treasury have onshored EU legislation. Mindful of the number of new rules, we will also use our temporary transitional power on a broad basis, to allow firms more time to adjust to most new requirements.
As passporting will end on 31 December 2020, together with the Treasury, we have put in place a series of temporary regimes, such as the temporary permissions regime. These will allow approximately 1500 non-UK firms and funds to operate in the UK immediately after the transition period.
Most recently we set out our approach to the share trading obligation, in the absence of mutual equivalence. This will ensure UK-based investors and asset managers continue to have the freedom to find the best possible trading terms, and to get the best outcome for themselves and their customers.
We should however all continue to prepare ahead of the UK’s exit from the transition period, and not be complacent.
Read our regular Brexit updates.
Firms submitting persons data to the FS Register
Dual-regulated firms had to submit their Directory Persons data via Connect by 13 November 2020. We will begin to publish this data on the FS Register from 23 November 2020.
Solo-regulated firms must submit their Directory Persons data via Connect by 31 March 2021 using the single entry submission form. Earlier dates apply if they wish to use the multiple entry submission form and/or if they wish their data to appear from earlier dates starting in December. We will begin to incrementally display data from solo-regulated firms as it is submitted. The data will start to be published from 14 December 2020. The last date for single entry submissions to appear from the outset of this publication is 9 December 2020.
See the FCA website for more details.
PS20/12: Extending implementation deadlines for the Certification Regime and Conduct Rules Published
In October, we published a Policy Statement (PS) setting out our final rules and the consultation feedback we received on extending implementation deadlines for the Certification Regime and Conduct Rules.
Following an FCA request, the Treasury made a statutory instrument delaying the deadline for solo-regulated firms to undertake their first assessment of the fitness and propriety of Certified staff from 9 December 2020 until 31 March 2021.
In July 2020, we consulted to change to the same date, the deadline for certification in the FCA Handbook. We also consulted to give corresponding extensions to the deadline for training staff in the Conduct Rules and reporting Directory Person data.
FCA Logo
We are reminding all firms that use of the FCA logo is not permitted in any documentation or promotional material.
This includes firm’s mandatory regulatory status disclosure as set out in Chapter 5 of our Handbook. If you are dual regulated the required disclosure is ‘Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority’. If you are only regulated by us, the required disclosure is ‘Authorised and regulated by the Financial Conduct Authority’.
For more information please visit our website.
Senior Manager and Certification Regime Video Now Live
The Senior Managers and Certification Regime (SM&CR) applies to almost every UK solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.
Last month we published our latest FCA explainer video, Implementing the Certification Regime and Conduct Rules . The video gives a short over view on what firms need to do to implement the Certification Regime and the Conduct Rules ahead of the deadline on 31 March 2021.
More details about this and SM&CR are available on the FCA website.
Inside FCA Podcast interview with Nikhil Rathi
Listen to Nikhil Rathi discuss taking on the role of Chief Executive during the pandemic, FCA priorities and his vision for a post-Brexit world, in his first podcast interview.
Our podcast series can also be found on SoundCloud.
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We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
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Daily updates
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FCA reminds insurance firms to review the value of their products in light of the impacts of coronavirus
On 3 June 2020, we published guidance setting out our expectations for insurers and insurance intermediaries to consider the value of their products in light of the exceptional circumstances arising from Covid-19.
Firms should complete their review decide what action to take by 3 December 2020.
Guidance on payment deferrals for mortgage customers
On 16 November, we confirmed that enhanced support will be available to borrowers experiencing payment difficulties as a result of Covid-19. The guidance will be fully in force from 20 November but we encourage firms that are able to start providing this enhanced support sooner to do so. This means that borrowers affected by Covid-19 can receive payment deferrals of 6 months in total, including any previous payment deferrals. The confirmed guidance provides more detail on which groups of consumers will be able to access payment deferrals.
Guidance on payment deferrals for consumer credit customers
On 19 November, we also confirmed updated guidance to firms setting out enhanced support for consumer credit customers.
The guidance covers users of personal loans, credit cards, store cards, catalogue credit, rent to own, buy now pay later, pawnbroking, motor finance and high-cost short-term credit.
The guidance will come into force on 25 November but the FCA encourages firms that are able to start providing this enhanced support sooner to do so. More information can be found here.
Updates to web statements
On 20 October, we updated our statement on firm handling of complaints during coronavirus, to update on PPI complaints and to reinforce the importance of continuing to comply with complaint handling requirements.
On 28 October, we updated our statement on annual returns and accounts: mutual societies, to provide an update on update on annual returns and accounts during coronavirus.
On 9 November, we published an updated statement on workplace arrangements and work-related travel, following recent changes to coronavirus restrictions across the UK.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
ISDA opens IBOR Fallbacks Protocol
The International Swaps and Derivatives Association (ISDA) has recently opened the IBOR Fallbacks Protocol for adherence (effective 25 January 2021). The Protocol is an important tool in facilitating transition for legacy derivative contracts to alternative rates if LIBOR ceases or becomes permanently unrepresentative. The Protocol, developed by ISDA, enables market participants to incorporate the revisions contained in the IBOR supplement into their legacy derivatives contracts and will apply where counterparties both adhere to the Protocol. Details on how to adhere to the Protocol and additional resources can be found on ISDA’s website.
The Financial Stability Board (FSB) has strongly encouraged widespread adoption of the Protocol, noting that those who choose not to do so for some or all of their relevant trades will need to take robust alternative steps to avoid the risk of disruption.
PS20/13: Amendments to the open banking identification requirements (eIDAS certificate)
On 3 November, we published a policy statement confirming the revision of Article 34 of the UK regulatory technical standards for strong customer authentication and secure communication (UK-RTS).
Our amended rules will come into force immediately after the end of the transition period at 11pm on 31 December 2020.
They allow for the use of an alternative form of identification to limit the risk of disruption to open banking services and its users. Account providers and third-party providers must review the changes immediately and implement any necessary changes as soon as possible.
We have also introduced a limited transition period until 30 June 2021.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Mortgage Intermediary Portfolio Strategy Letter
We recently published our Mortgage Intermediaries Portfolio Strategy Letter. This is being sent to mortgage intermediary firms, but is relevant to all firms that offer mortgage advice.
The letter sets out our view of the key risks that firms providing mortgage advice pose. We want firms to consider these risks, the degree to which their firm presents such risks, and to assess their strategies for mitigating them. The letter also outlines our supervisory strategy for firms.
Please call your normal supervisory contact on 0300 500 0597 if you have any questions regarding the letter.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Mortgage Intermediary Portfolio Strategy Letter
We recently published our Mortgage Intermediaries Portfolio Strategy Letter. This is being sent to mortgage intermediary firms, but is relevant to all firms that offer mortgage advice.
The letter sets out our view of the key risks that firms providing mortgage advice pose. We want firms to consider these risks, the degree to which their firm presents such risks, and to assess their strategies for mitigating them. The letter also outlines our supervisory strategy for firms.
Please call your normal supervisory contact on 0300 500 0597 if you have any questions regarding the letter.
Sharing Login Details
We are aware of Lead Generators offering to assist firms process applications, with firms allowing access to their systems, including sharing logins to providers’ systems, to submit applications.
Intermediaries should consider the risks in relation to accountability and liability in granting access to their own or providers’ systems. Where individual access is granted, particularly to providers’ systems, we would not expect logins to be shared, either internally or externally. If a generic login is used, firms should consider the security risks this presents and undertake appropriate due diligence on who accesses their systems, including third parties.
Reminder of product sales reporting changes
Mortgage lenders and administrators should be preparing for changes to the reporting of product sales data (PSD). These changes come into force on:
-
1 January 2021 for Performance Sales Data Report (PSD007) – covering reporting period January-June 2021
-
1 April 2021 for Product Sales Data Report (PSD001) - covering reporting period April-June 2021
Firms may wish to refer to our reporting FAQs, as well as Policy Statement PS 19/23 (Appendix 1) to see the rule changes. This is also possible using our Handbook timeline facility - this allows you to see the Handbook rules as they will be once the changes are in force (see SUP 16 Annex 21R).
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Product value and coronavirus: guidance for insurance firm
On 3 June 2020, we published guidance setting out our expectations for insurers and insurance intermediaries to consider the value of their products in light of the exceptional circumstances arising from Covid-19. We have issued a reminder to insurance firms to review the value of their products. We said that firms should review their product lines and act where products have not delivered the intended value to customers. This could include providing alternative benefits, reducing premiums or partial refunds of premiums paid. Firms should complete their coronavirus related review of product lines and decide what action to take by 3 December 2020.
Business Interruption (BI) insurance: Update
On 2 November, the Supreme Court granted permission to appeal to all those who had applied for it. The appeal in the Supreme Court will be heard from 16 November and is expected to last for 4 days. See our updates for more information.
As we stated previously, we believe that this 'leapfrog' appeal to the Supreme Court is the fastest way to get legal clarity for all parties in the event that it is not possible to find a solution with insurers which resolves the outstanding issues, before the appeal takes place, to enable pay-outs on eligible claims.
Finalised guidance: Coronavirus and customers in financial difficulty: additional guidance for insurance and premium finance firms
On 16 October 2020, we published proposals on how firms should continue to seek to help customers who hold insurance and premium finance products and may be in financial difficulty because of Covid-19, after 31 October 2020. This follows the temporary measures that have been in place since May this year.
The guidance sets expectations that firms provide tailored support to customers who have already had a payment deferral and those newly in financial difficulty due to changed circumstances relating to coronavirus.
Risk Transfer Agreements
We would like to remind insurers of their responsibilities regarding the provision of risk transfer arrangements. We have seen instances where the Terms of Business Agreement (TOBAs) do not reflect the intent of the arrangements, or accurately reflect the intermediaries’ operations. We expect insurers to regularly review their agreements for inappropriate wording and maintain adequate oversight to ensure the TOBAs are complied with. Insurers and Intermediaries have a duty to their clients to ensure that risk transfer agreements are properly in place.
Mortgage Intermediary Portfolio Strategy Letter
We recently published our Mortgage Intermediaries Portfolio Strategy Letter. This is being sent to mortgage intermediary firms, but is relevant to all firms that offer mortgage advice.
The letter sets out our view of the key risks that firms providing mortgage advice pose. We want firms to consider these risks, the degree to which their firm presents such risks, and to assess their strategies for mitigating them. The letter also outlines our supervisory strategy for firms.
Please call your normal supervisory contact on 0300 500 0597 if you have any questions regarding the letter.
Lloyds & London Market Intermediaries and Managing General Agents Portfolio Letter
We recently published our Lloyds & London Market Intermediaries and Managing General Agents Portfolio Letter. This was sent to insurance intermediaries who predominantly operate within the Lloyd’s and London insurance market as well as Managing General Agents.
It sets out our view of the key risks of harm to customers posed by these firms. We want firms to consider these risks, the degree to which their firm presents such risks, and to assess their strategies for mitigating them. It also outlines our supervisory strategy for firms.
Please contact us on 0300 500 0597 if you have any questions regarding this.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Pension transfer definition
On 1 October 2020, the definition of Pension Transfer changed. It now refers to the transfer of safeguarded benefits to flexible benefits in a different scheme and to some transfers involving Guaranteed Annuity Rates.
As a result, the non-standard limitation for firms not wishing to advise on defined benefit pension transfers has been revised to:
- short description: limited pension transfer activity
- long description: this activity is limited to the provision of advice on the conversion or transfer of benefits from pension policies with a guaranteed annuity rate
Please see our updated Defined Benefit pension transfers webpage.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Treatment of maturing dormant Child Trust Fund accounts
On 9 November 2020, we published information for Child Trust Fund providers on the treatment of dormant accounts at maturity.
HMRC legislation requires providers to move dormant CTFs to a “protected account” (an ISA or a matured CTF) upon the account holder’s 18th birthday. We have published a brief statement on the MiFID position for protected accounts. We have also highlighted the availability of a modification by consent in relation to COBS client agreement requirements where firms are unable to contact clients. Firms can contact the Waivers team to discuss the possibility of a modification by consent.
Clarification for asset managers on reporting income for FSCS levy calculations
In 2018 asset managers began reporting “look-through” income for the FSCS levy. From dialogue with industry representatives, we understand some asset managers may be reporting income for the FSCS levy that they do not need to report. Our webpage now provides further details and an example of how income should be reported.
If a firm has any questions, or believes it may have over- or under-reported income, it should contact fcafees@fca.org.uk.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Woolard Review
Christopher Woolard’s review of change and innovation in unsecured consumer credit is now underway, and we’ve published a Call for Input setting out the key questions that the review is considering. You can find the Call for Input and more information on the review on our website – if you have relevant knowledge or expertise, this is your opportunity to shape the outcomes of the review and the future of regulation in this market.
Breathing Space Regulations CP
We published consultation paper CP20/21 on some amendments to Handbook guidance in the Consumer Credit sourcebook as a result of the Breathing Space Regulations.
The Regulations will give people in problem debt the right to legal protections from creditor action for up to 60 days. This gives them time to receive advice and potentially enter an appropriate scheme to resolve their debt.
Our consultation is relevant to regulated firms who will need to comply with the Regulations and our Handbook, to consumer groups with an interest in debt advice and local authorities that give debt advice to consumers in England and Wales.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
FCA to participate in GFIN cross-border testing of financial products and services
The Global Financial Innovation Network (GFIN), led by us officially launched the cross-border testing initiative on 29 October 2020. We are now inviting applications from firms to test innovative products, services, business models or regulatory technology across more than one country or jurisdiction.
Firms have until the 31 December to submit applications and additional information can also be found on the website.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
PS20/13: Amendments to the open banking identification requirements (eIDAS certificate)
On 3 November, we published a policy statement confirming the revision of Article 34 of the UK regulatory technical standards for strong customer authentication and secure communication (UK-RTS).
Our amended rules will come into force immediately after the end of the transition period at 11pm on 31 December 2020.
They allow for the use of an alternative form of identification to limit the risk of disruption to open banking services and its users. Account providers and third-party providers must review the changes immediately and implement any necessary changes as soon as possible.
We have also introduced a limited transition period until 30 June 2021.
Digital Sandbox Pilot
We have launched, with the City of London Corporation, a digital sandbox pilot to support innovative firms develop solutions in 3 areas affected by Covid-19. These include, preventing fraud and scams, supporting the financial resilience of vulnerable consumers, and improving access to finance for small and medium sized enterprises. Firms or individuals who want to observe or potentially be involved with a team, can register an account on the digital sandbox website to stay up to date.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
CMCs: Portfolio strategy
On 26 October, we published our Portfolio Letter for Claims Management Companies (CMCs).
The letter explains:
- our view of key drivers of harm
- how firms can mitigate harms
- our supervisory strategy to ensure firms meet our expectations.
Our strategy for the next two years will focus on:
- CMCs’ handling of complex, high value claims
- personal injury CMCs
- the wind-down of PPI claims
We expect firms to make changes to reduce potential harms. Where firms cause harm, we will take action.
Dear CEO letter – final preparations
Jointly with the Bank of England, we have written a letter to CEOs of UK and international banks on the importance of being prepared for the end of the transition period, in order to minimise disruption and ensure market stability.
Checking if you’ve registered for RegData
We’ve started moving firms from Gabriel to our new data collection platform. By 10pm on the Friday before your planned moving date, all Gabriel users will need to have registered for RegData. To check you've registered, log in to Gabriel using your Gabriel login credentials.
Once in Gabriel, if you are not prompted to register for RegData, this confirms you have already completed the registration process and do not need to take any further action.
If you are prompted to register, follow these steps.
You only need to register once for RegData.
Share trade obligation (STO)
This month we have confirmed our approach to the share trading obligation (STO) at the end of the Brexit transition period, if mutual equivalence is not agreed.
We will use the Temporary Transitional Power (TTP) to avoid disruption and allow firms to continue trading all shares on EU trading venues and systematic internalisers (SIs). This use of the TTP means that UK market participants will continue to be able to access any EU trading venue from the end of the implementation period, providing the venue has ensured it has the relevant regulatory permissions.
Click here for more detail
MiFID trade reporting and commodity limits
The Treasury has announced its intention to take equivalence decisions in respect of the European Economic Area (EEA) states across a number of financial services areas. These will come into effect at the end of the transition period.
The decisions cover various sectors and will provide certainty to firms and their clients and counterparties.
Refer to the FCA Brexit pages for more information.
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