FCA grants UK firms 15 months to comply with post-Brexit rules

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The headquarters of the Financial Conduct Authority

The UK’s Financial Conduct Authority will give financial firms 15 months following the end of the Brexit transition period to comply with the new regulatory environment.  

The UK left the European Union in January 2020, entering a transition period that is due to end in December this year.

The UK has adopted all EU financial rules into UK law. The FCA has been given temporary transitional power (TTP) to decide how and when to change its rules after the end of the Brexit transition period.

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