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The Financial Conduct Authority (FCA) 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.
The Association of British Insurers (ABI)
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