"We anticipate this notification will be a relatively simple process and that a system to enable firms and funds to do this will be set up ahead of exit day", the FCA said on its website.
Ashton Whiteley analysts say the United Kingdom government is putting forward an alternative mutual recognition strategy in an effort to retain access to the European Union subject to the condition that each side maintains regulatory levels in keeping with worldwide standards. The UK will look to match European Union regulatory standards (and possibly adopt identical rules) to ensure that trade in most goods remains as free as possible.
Both the DUP and UUP have warned the EU against interference in Northern Ireland after Brussel's top official said the border was "not an Irish issue" but "a European issue" instead.
"If you decide to jettison, leave behind, the common agreements and rules, then you have to accept that things can not remain as they are".
The UK will leave the single market and things are going to be different in the future, but the UK will not take part in a regulatory race to the bottom at the expense of workers' rights or the environment.
"There are economic security issues we have to address, but let us do it together and within WTO rules", Katainen added.
It centres around five British nationals living in the Netherlands, who stand to lose their European citizenship come March next year, when Britain leaves the Union.
"We look forward to receiving some further clarifications from the British Government regarding citizen's rights, as a number of outstanding issues remain unresolved".
He said: "There was this Mansion House speech by Mrs May, but it was mainly repeating the red lines that we know already".
She said: "Mr Tusk's comments suggest the European Union will again hold up the trade talks if the December fall-back option of alignment is not legally translated". He recently said in an interview that "sceptics" to such a deal were wrong, and that it would be "in our mutual interest" to establish a free trade agreement when Britain leaves the European Union next year.
"In this United States of America dispute we now find ourselves trapped, impotent, unable to act", he said.
Any framework for the future relationship would need to respect the integrity of the internal market, customs union and four freedoms, without allowing for a sector-by-sector approach.
Michel Barnier said any attempt by Britain to gain a competitive edge through the use of what is termed "dumping" would jeopardize hopes the country has for a smooth and orderly withdrawal from the EU.
"It's the first time we negotiate a trade agreement in order to make trade conditions worse".