| answer text |
<p>As set out in the Government’s No-Deal Readiness Report, the Government has implemented
a range of temporary permissions and transitional regimes for various EEA inbound
financial services firms. These regimes will in most cases last three years from exit
day, allowing EEA businesses to continue operating as normal in the UK while they
go through the process to obtain full UK authorisation or recognition.</p><p> </p><p>While
the Government has established the framework for these regimes in legislation, which
Parliament has approved, the UK’s financial services regulators have been tasked with
administering the operation of these regimes. Further information can be found on
the regulators’ websites: https://www.fca.org.uk/brexit and https://www.bankofengland.co.uk/eu-withdrawal.</p>
|
 |
