Brexit set to transfer powers to UK regulators
FCA says government will replace EU financial institutions’ powers with UK versions
The UK government will look to transfer certain powers currently held by European regulatory institutions to their UK equivalents next year, as the country departs the European Union, new proposals from a UK regulator show.
As the UK will no longer be part of the EU after March 2019, European institutions such as the European Securities Markets Authority (Esma) and the European Commission will not have powers or obligations under UK law.
In a new consultation document published by the
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