PRA Extends Temporary Powers To Ready For No-Deal Brexit

Law360, London (July 25, 2019, 5:49 PM BST) -- The Prudential Regulation Authority will give the finance industry more time to adjust to new regulations if the U.K. crashes out of the European Union without a deal in October, the regulator said Thursday.

The PRA and the Bank of England have the power to adjust regulatory requirements for the sector if there is a no-deal Brexit. The grace period was set to run out in June 2020, but the agencies pushed that back to December after Boris Johnson, who has promised to leave the EU with or without a deal on Oct. 31, was sworn in as prime minister....

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!