Our latest EU withdrawal updates
17 October 2019: We, HM Treasury, and the Financial Conduct Authority (FCA) published a Memorandum of Understanding (MoU) between HM Treasury, the Bank of England (Bank), Prudential Regulation Authority (PRA) and FCA. This sets out how the parties to the MoU expect to coordinate their respective functions in relation to equivalence and exemption determinations. These are new functions that will be transferred to UK authorities in the context of the UK’s withdrawal from the European Union and will come into effect from exit day.
This Memorandum of Understanding (MoU) is established in accordance with regulation 6 of the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019.
13 September 2019: We published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook. More information is available on the EU withdrawal – Temporary permissions regime page.
25 July 2019: We published Joint Bank of England/PRA Consultation Paper 18/19 ‘UK withdrawal from the EU: Changes following extension of Article 50’. Responses to the consultation are requested by Wednesday 18 September 2019.