FCA issues second Brexit consultation paper

In October 2018, the FCA published its first consultation paper on the amendments it needs to make should the UK leave the EU without an implementation period (our blog is here). On 23 November 2018, the FCA published its second consultation, Consultation Paper 18/36: Brexit: Proposed changes to the Handbook and Binding Technical Standards – second consultation (CP18/36). The structure of CP18/36 is as follows: Chapter 2 discusses a range of cross-cutting issues which span the FCA’s Handbook and binding technical standards (BTS) and its proposed approach to these. This includes further issues identified since the publication of its first consultation paper; Chapter 3 explains the Handbook proposals covered in CP18/36 (except those related to the introduction of the temporary permissions regime (TPR) and the new credit rating and trade repository regimes). This includes an explanation of the more significant changes the FCA is proposing. A table summarising the…

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