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FCA draws up plans for Brexit workload

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The FCA’s contingency plans for dealing with Brexit are starting to take shape.

The regulator has released minutes from a board meeting confirming that it has set up six different work streams within the organisation as a way of internally coping with the work that will come from the UK pulling out of the EU.

It has also set an internal timetable for work relevant for the FCA that will come as a result of current discussion within Government as to when statutory instruments will be laid.

The minutes read: “The board sought assurance about how the organisation would be resourced if the process became condensed and it was confirmed that resources in relation to Brexit would form part of the business planning round discussions.”

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