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The Financial Conduct Authority (FCA) has updated and published draft
directions under its Temporary Transitional Power (TTP), which gives the FCA flexibility in how it applies post-Brexit requirements. The FCA’s directions would only come into effect on exit day if the UK leaves the EU without an implementation
period. Changes include that the proposed duration of the TTP directions will be extended to 31 December 2020.
Matthew Tobin, head of debt capital markets at Slaughter and May, considers the possible impact of a No deal Brexit on these markets and the preparations in hand to address it in News Analysis: What impact would a No deal Brexit have on DCM transactions?
Lisa Marks and Darren Fodey, both partners at Stephenson Harwood, assess the implications that a No deal Brexit scenario would have on the rail finance market in News Analysis: What impact would a No deal Brexit have on rail finance?
In News Analysis: How would the securitisation market react to a No deal Brexit?, Jeremiah Wagner, partner at Latham & Watkins LLP, provides
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