By Guy Wilkes
Financial service firms cannot wait for the outcome of the leave negotiations before putting their restructuring plans into effect
After the initial excitement and panic following the referendum result lawyers were quick to reassure their clients that nothing had changed overnight. The Financial Conduct Authority (FCA) similarly sought to reassure people that it was business as usual, pointing out that regulation will remain applicable until any changes are made and that will be a matter for Government and Parliament.
Firms must continue to abide by their obligations under UK law, including those derived from EU law, and continue with implementation plans for legislation that is still to come into effect…