Italy gives UK finance firms Brexit grace period until June 30

An automobile passes an illuminated sign reading 'Brexit Be Prepared' on the E40 highway towards Calais, at the intersection in Ostend, Belgium, on Friday, Jan. 1, 2021. The U.K. completed its divorce from the European Union, leaving the bloc’s single market and customs regime more than four years after the country voted for Brexit. Photographer: Olivier Matthys/Bloomberg

ITALY is giving U.K. finance firms a six-month post-Brexit grace period in which they can await authorisation to do business in the country as non-European Union companies, the Italian market regulator said Saturday.

The extra time applies to financial intermediaries that applied before the end of 2020 for permission to keep operating in Italy, Consob said in a statement.