The Financial Conduct Authority (FCA) has said the longer-term impacts of Brexit on UK regulation are partly dependent on the relationship the country chooses to pursue with the EU trading bloc.
The regulator said it will work closely with the UK government as it confirms the arrangements for the UK's future relationship with the EU. "The longer-term impacts of the decision to leave the EU on the overall regulatory framework for the UK will depend, in part, on the relationship that the UK seeks with the EU in the future," it said. The UK regulator added that all financial regulation which derives from EU legislation will remain applicable until any changes are made. As a result, UK firms must continue with implementation plans for legislation that is still to come into eff...
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