BoE: reasonable to expect passporting rights until 2020
Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period
Regulated companies operating in the UK under current passporting rights can continue their business activities as usual until at least the end of the newly agreed Brexit implementation deadline of 2020, the Bank of England said today (March 28).
The BoE issued an update to its regulatory guidance following an agreement with European Union countries that the implementation period of the UK’s withdrawal from the monetary block would stretch until the end of 2020, rather than the previously set
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