On 1 December 2020, the FCA published a new webpage reminding firms to be ready for the end of the transition period in 1 months’ time.

The webpage contains links to other FCA webpages detailing the temporary transitional power, the temporary permissions regime and the key requirements that firms need to comply with by 1 January 2021. The webpage also notes that if a firm currently relies on a passport to provide services to or from the UK, and proposes to cease those services at the end of the transition period, the FCA expects them to ensure the right outcomes for their customers, and provide timely communications to enable them to make appropriate decisions.