Key Regulatory Topics: Weekly Update 5 July 2019 – 11 July 2019

A&O Shearman
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BREXIT -

ECB updates FAQs on relocating to the euro area in the context of Brexit -

On 5 July, the ECB updated its FAQs on the procedures for the relocation of banks to the euro area in the context of Brexit. The new FAQs relate to: (i) the extension of Article 50 – the ECB states that a hard Brexit is still a very real possibility and could materialise on 1 November.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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