Policy paper
Proposal for a temporary transitional power to be exercised by UK regulators
This publication set out HM Treasury鈥檚 proposal for a temporary transitional tool to be exercised by the UK regulators.
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This paper explains HM Treasury鈥檚 intention to provide the UK financial regulators with a temporary transitional power to phase in requirements for UK regulated firms that will change under onshoring legislation. The power will be delegated to UK regulators secondary legislation under the EU (Withdrawal) Act and will only be used in the no-deal scenario.
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Published 8 October 2018
Last updated 29 October 2019
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First published.