FCA Rolls Out Measures To Ensure Firms Ready For Brexit

Law360, London (September 11, 2019, 6:07 PM BST) -- The Financial Conduct Authority stepped up efforts on Wednesday to ensure that banks and insurers protect themselves against the threat of a no-deal Brexit amid continued legal chaos over the U.K.'s impending withdrawal from the European Union.

The City watchdog urged all financial services companies to finalize protective measures in case Britain leaves the bloc without securing a deal or transition period. The FCA said it will run digital adverts to remind businesses about its online guidance on what they should do before the scheduled Oct. 31 departure.

Finance firms should prepare for a “hard” Brexit, which will upend the way...

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