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Firms warned to avoid disruption on payments when Brexit transition ends

Compliance Monitor

Firms warned to avoid disruption on payments when Brexit transition ends

Firms are being told by the Bank ofEngland and FCA that they need to work to “avoid disruption to payments” afterthe United Kingdom leaves the European Union on 31 December. Action in thisarea is one of a list of ‘final preparations’ that the Bank and the FinancialConduct Authority have contacted firms about in a ‘ DearCEO ’ letter.

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