UK’s financial regulator, the FCA, came up with an official statement on approaching Brexit, outlining the key issues, how it is dealing with the pending uncertainty and preparing for a smoother separation from the European Union. In a speech delivered at Bloomberg/TheCityUK Nausicaa Delfas, the Executive Director of International at the FCA, said that it is working in a Temporary Permissions Regime (TPR). This regime will allow EU financial firms to continue to operate in the UK, without having to apply for authorisation with the UK regulator at this stage. However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU regarding UK companies looking to continue doing business with clients from EEA countries.