The Standard Formula Podcast | Solvency II Back to Basics: Third Country Branches and Cross-Border Provision of Services
To address the limitations of the current temporary marketing permission regime (“TMPR”), which permits EEA funds marketed in the UK before Brexit to continue to access the UK market, the UK government introduced the overseas...more
Our recent briefing note explained that CE product safety marking, which is required to sell certain types of goods in the European Union, was being replaced by the UKCA mark in Great Britain (GB) following Brexit. The...more
The UK is approaching 6 months since it officially left the EU on 31 December 2020, yet the post-Brexit landscape remains far from settled. Below we have outlined some key impending changes, as well as continuities, that...more
The deadline for EU citizens present in the UK prior to the end of the Brexit transition period (December 31, 2020) to apply for leave under the EU Settlement Scheme is June 30, 2021. In general, the application under the EU...more
Expect More Criminal Enforcement & What You Can Do To Minimize Your Risk - Antitrust cartel and related collusive scheme enforcement is poised to increase. Several factors support this: (1) the Antitrust Division (the...more
Following Brexit, the European Commission is working on an adequacy decision concerning the UK, which will be announced before the end of June 2021. This is good news for businesses as it will make transfer of personal data...more
On 14 April 2021, the European Data Protection Board ("EDPB") announced that it had adopted two Opinions on the draft UK adequacy decisions issued by the European Commission on 19 February 2021. The EDPB’s take on the draft...more
Will the UK join the Lugano Convention 2007? Conflicting reports have emerged in recent days as to whether the EU will approve the UK’s application to join the Lugano Convention 2007, the UK’s preferred regime for...more
New Year’s Eve 2020 was a bit different from other years, and for more reasons than one. It will certainly be a date that any English lawyer advising on the UK’s postBrexit legal system will not easily forget. At 11pm GMT, EU...more
The Financial Conduct Authority (FCA) has published Primary Market Bulletin No.33 (PMB No.33) featuring Brexit-related changes for EEA audit firms, details of their new online portal for submitting major shareholdings...more
Following months of uncertainty, on Christmas Eve a Brexit agreement was finally reached between the United Kingdom (“UK”) and the European Union (“EU”). The European Union (Future Relationship) Act 2020 (the “Act”) received...more
Brexit has raised many questions regarding the future of data protection and digital trade. Whilst the UK’s incorporation of the General Data Protection Regulation (GDPR) into domestic law in January 2020 eased some...more
The focus on environmental, social and governance (ESG) issues grew considerably in 2020, in part due to significant regulatory developments. Takeaways - Financial services businesses and other UK companies will still...more
The negotiations that culminated in the establishment of the Trade and Cooperation Agreement (TCA) at the end of 2020 concluded with no meaningful agreement in relation to the provision of financial services between the...more
The end of the Brexit transition period on 31 December 2020 has reshaped the landscape for employers. In our updated Q&As publication, we look at the impact for employment law and at considerations for in-house counsel and HR...more
The European Commission has announced a draft decision of “adequacy” concluding the UK ensures an essentially equivalent level of data protection to the GDPR. There remains an approval process to go through before the...more
As we began exploring last week in Part I of our Post-Brexit, Schrems II, and the GDPR: Privacy Compliance Priorities in Early 2021 series, significant developments in late 2020 charted a course in privacy/cyber compliance...more
We outline below answers to some frequently asked questions about the UK's new immigration system. Frequently Asked Questions - Q1: What do employers need to know about the UK’s new post-Brexit immigration system?...more
Jacqueline Cook, Senior Knowledge Development Lawyer at Sullivan's London office, broke ground on our first Trade & Export Finance Webinar of 2021, held on 21 January, and the EU-UK Trade and Cooperation Agreement (the TCA)...more
After the political and constitutional upheaval of the last four years that has been Brexit, a trade deal - the EU-UK Trade and Cooperation Agreement - was finally reached between the United Kingdom (UK) and the European...more
The end of the Brexit transition period on 31 December 2020 means the UK now has full autonomy over its data protection policies. As of 1 January 2021 the UK is recognised as a ‘third country’ under EU General Data Protection...more
FCA and PRA on passporting in and out of Gibraltar after the transition period - On 31 December, the FCA published a new webpage on Gibraltar passporting arrangements, with the PRA publishing its respective webpage on 4...more
Following months of protracted negotiations and coming four and a half years after the UK voted to leave the EU, 24 December 2020 saw the EU and UK finally agree the shape of their future relationship. While the Trade and...more
Concerns are mounting for companies around the world as they consider their ability to transfer data from the EU following the recent decision by the Court of Justice of the European Union in Data Protection Commissioner v....more
Please note: while we address some country-specific updates related to the COVID-19 outbreak, the below contains information regarding global restrictions and closures as they stand today. Given the constantly changing nature...more