Irish Asset Managers Urged To Enter FCA's Temporary Regime

Law360, London (January 24, 2019, 12:24 PM GMT) -- The Irish central bank on Thursday urged investment companies that want continued access to the U.K. market if there is a "hard" Brexit to sign up to Britain's temporary permissions regime as soon as possible.

Time is running out for businesses to make contingency plans for the possibility that the U.K. will crash out of the European Union on March 29 without securing a transition agreement, Michael Hodson, director of asset management supervision at the Central Bank of Ireland, warned.

“Both industry and regulators must remain mindful that the Brexit clock is still ticking and the risk remains of a hard...

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