The FCA has agreed MoUs with ESMA and EU regulators.
The MoUs cover co-operation and exchange of information in the event the UK leaves the EU without a withdrawal agreement and transition period. Until an agreement is reached the FCA will continue to plan for a range of scenarios, including if the UK leaves the EU without an agreement.
The MoUs are:
- a multilateral MoU with EU and EEA National Competent Authorities covering supervisory cooperation, enforcement and information exchange; and
- an MoU with ESMA covering supervision of Credit Rating Agencies and Trade Repositories.
