The UK is set to leave the European Union on the 31st December 2020, after this date passporting will no longer exist and international firms will need to seek full authorisation in order to continue doing business in the UK. On 23rd September 2020, the FCA published their proposed approach to international firms that will be providing or seeking to provide financial services and require authorisation post Brexit. The FCA submitted a consultation asking firms to comment on their proposed approach and how firms believe the FCA should assess these international firms when they apply for authorisation.
Download a copy of our response to the FCA's consultation here:
