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Wednesday, October 23, 2019

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FCA aims to improve awareness of no-deal Brexit impact on businesses

Theo Osborn | 14:10 Monday 16th September 2019

The FCA has stepped up its efforts to ensure firms are aware of what they need to do to prepare in the event of a no-deal Brexit.

The regulator will be running a series of digital adverts and is urging all firms to consider the implications of a no-deal exit.

It believes this is particularly relevant for firms which do any business in the EEA, passport into the UK and have not notified the FCA for entry into the Temporary Permissions Regime, as well as those which have customers in the EEA or transfer personal data from the EEA.

Nausicaa Delfas, executive director of international at the FCA, said: “We expect firms to ensure they are ready if there is a no deal.

“If firms haven’t finalised their preparations, there is a risk they could be impacted.

“Firms should consult the information on our website.”

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