CP18/36: Brexit: proposed changes to the Handbook and Binding Technical Standards – second consultation

Open consultation: CP18/36
23/11/2018
23/11/2018
Consultation closes
21/12/2018
Consultation feedback and final rules
Q1 2019

In this paper, we publish further proposals on how we will amend our Handbook and EU derived binding technical standards (BTS) if the UK leaves the EU without an implementation period in place. We also consult on our proposed approach to non-Handbook guidance and to forms which appear in our Handbook.

Read CP18/36 (PDF 13.8MB)

In October 2018, we published our first consultation on the amendments we need to make should the UK leave the EU without an implementation period.

This consultation paper proposes further changes that may need to be made to the FCA Handbook and BTS.  These include amendments to reflect:

  • the temporary permissions regime
  • the new credit rating agency and trade repository regimes

We are also consulting on guidance on how non-Handbook guidance should be interpreted after Exit day and on our approach to forms which appear in our Handbook.

We do not propose wider policy changes and are not making other changes unrelated to Brexit to our Handbook or to BTS.

Who this applies to

Given the breadth of our proposals, we want to hear from the widest possible range of stakeholders across sectors, including industry bodies and consumers.

What you need to do

The consultation period is four weeks, so please send us your comments by 21 December 2018. We can take responses through our online form or in writing. 

We also want to know about any significant implementation challenges you would face with the proposed amendments, so that we can work with you to address the challenges you face. We do not expect firms and others subject to our proposals to prepare to make any changes now.

We intend to give feedback and publish final versions of these materials before exit day.

Online response form

You can also:

  • email your responses to [email protected]
  • write to us at: Handbook Review Team, Financial Conduct Authority, 12 Endeavour Square London E20 1JN