The UK’s financial watchdog will give City firms a 15-month grace period to comply with the new regulatory environment in the event the country leaves the European Union without a deal on March 29. The UK 's Financial Conduct Authority will give financial services firms a 15-month period to ensure they comply with new regulatory frameworks following a no - deal Brexit . The organisation has released its " near - final " guidance on what leaving the EU without a deal would mean for companies , stating that the grace period would allow firms the necessary time to realign their operations without causing undue disruption .
The UK 's Financial Conduct Authority will give financial services firms a 15-month period to ensure they comply with new regulatory frameworks following a no - deal Brexit . The organisation has released its " near - final " guidance on what leaving the EU without a deal would mean for companies , stating that the grace period would allow firms the necessary time to realign their operations without causing undue disruption .