FCA: Brexit implementation period could see UK lumbered with raft of financial services legislation

Could be forced to accept "more than 30" new rules

The UK could be left without a voice and forced to accept more than 30 pieces of new EU financial services legislation if the proposed implementation period is put in place along with the ratification of the Brexit Withdrawal Agreement, the Financial Conduct Authority (FCA) has warned.

In a response to a request from the Treasury Select Committee, published today (29 November), The FCA offered its assessment of the impact the UK's exit from the European Union, warning the UK faces "a number of risks...