On 1 October 2020, the FCA updated its webpage concerning its February 2019 Brexit Policy Statement (Policy Statement 19/5: Brexit Policy Statement – Feedback on CP18/28, CP18/29, CP18/34, CP18/36 and CP19/2 (PS19/5)). In PS19/5 the FCA set out near final rules to correct deficiencies to its Handbook for a no deal Brexit. Near final Handbook amendments were located in Appendix 1 of PS19/5. Near final binding technical standards instruments were located in Appendix 2 of PS19/5.
The updated webpage states that the FCA has now published:
- New pages about how it intends to use the Temporary Transitional Power (TTP) and an updated version of its Handbook (covered in our earlier blog).
- Handbook Notice 80.
- Updated guides on: (i) the FCA’s approach to EU non-legislative materials; (ii) FCA’s approach to non-Handbook guidance where it relates to EU-law or EU-derived law; and (iii) completing FCA forms after the UK’s withdrawal from the EU.
Handbook Notice 80 reports that on 30 September 2020, the FCA Board approved a number of instruments linked to the UK’s withdrawal from the EU. These instruments are listed in a table at paragraph 1.2 of Handbook Notice and relate to certain elements of the following quarterly consultations: CP19/27, CP19/33, and CP19/19. The FCA’s discussion of these instruments is located at paragraphs 2.23 to 2.40.