Guidance

Proposal for a temporary transitional power to be exercised by UK regulators

This publication set out HM Treasury’s proposal for a temporary transitional tool to be exercised by the UK regulators.

Documents

Details

This paper explains HM Treasury’s intention to provide the UK financial regulators with a temporary transitional power to phase in requirements for UK regulated firms that will change under onshoring legislation. The power will be delegated to UK regulators secondary legislation under the EU (Withdrawal) Act and will only be used in the no-deal scenario.

Published 8 October 2018