The FSMA regularly informs intermediaries and financial service providers via newsletters about topics of interest to them, such as changes to legislation and supervision. As we approach the end of 2020, the FSMA once again wishes to review certain developments in supervisory practice. In the coming days, you will receive brief newsletters about various topics, such as the impact of Brexit, the end of the transition period for ancillary insurance intermediaries, and the anti-money laundering legislation. To keep up to date with the developments, we advise everyone to consult these newsletters.
The current newsletter provides an update on the European passport for certain intermediaries and the impact of Brexit.
On 31 December 2020, the transition period for Brexit comes to an end. After the departure of the United Kingdom (UK) from the European Union on 31 January 2020, a transition period allowed for all parties concerned to continue their activities under the European passport, giving them time to prepare for the period following 31 December 2020.
This news item was originally published by the Financial Services and Markets Authority (FSMA BE). For more information, please see the Source Link.