We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UK Floats Rules For Fulfilling Existing EU Financial Contracts

Law360, London (January 8, 2019, 6:13 PM GMT) -- The Financial Conduct Authority on Tuesday began consulting on Brexit preparations that it said will ensure that the bloc's financial firms can fulfill existing cross-border contracts if the U.K. exits the European Union without a transition period.

The FCA set out rules under the so-called financial services contracts regime, which will allow banks and insurers based in the European Economic Area to complete their existing contractual obligations in the U.K. after March. This will ensure that the regulatory framework continues to cover the bloc’s firms and will protect Britain’s customers by minimizing market disruption, the financial watchdog said.

The regime will...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS