Anyone working for a UK firm, with UK customers, but living in EU needs to identify authorisation from EU regulator in case of no deal Brexit, network tells adviser firm
The Right Mortgage Network has informed two EU-based UK protection advisers that they will be suspended if Britain leaves the EU without a deal unless passporting has been authorised with their local regulator, even though they are not working with EU clients, COVER can exclusively reveal. As part of its formal preparations for Brexit, the network is demanding - as a regulatory requirement - that the advisers seek authorisation from their local EU regulators to ensure passporting rights are in...
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‘If you do not wish to offer protection advice, refer it’