The Financial Conduct Authority has published a one-pager on how firms should prepare for Brexit. The UK will leave the EU without an implementation period on 31 October 2019 unless a deal is approved or a further extension is agreed. The FCA expects all firms to continue to plan for all scenarios, including a no-deal Brexit at the end of October 2019.
The UK regulator urges all firms to consider the implications of a no-deal exit and finalize their preparations, and noted that firms should have plans in place to address any risks and client impact. To assist, the FCA have published a one-pager on preparing for Brexit, and set up a dedicated Brexit telephone line (0800 048 4255) during business hours.