The Financial Conduct Authority (FCA) has outlined how it would use the temporary transitional power in the event the UK leaves the EU without a withdrawal agreement. 

The Treasury has put forward draft legislation that would make transitional provisions in the event of the UK leaving the EU without a deal. This is intended to minimise the disruption for firms and other regulated entities in this scenario.

The FCA also announced today that it has signed MoUs with ESMA and other EU regulators, which cover the exchange of information in result of a no-deal scenario.

Temporary transitional powers will allow ...