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No-Deal Brexit Financial Services Industry Transitional Arrangements

Latham & Watkins LLP

Brexit: 10 Commonly Asked Questions

Latham & Watkins LLP on

Q&As for UK Regulated Firms - Although the general election result has provided some certainty in relation to what happens next from a Brexit perspective, there are still many outstanding questions. In addition, a large...more

A&O Shearman

UK Statutory Instrument Published to Onshore the EU Prospectus Regulation For No-Deal Brexit

A&O Shearman on

A U.K. statutory instrument has been published to onshore the EU Prospectus Regulation in the event of a no-deal Brexit. In preparing for an April Brexit, the U.K. had onshored the EU Prospectus Directive in the Official...more

Proskauer Rose LLP

Brexit Update – Luxembourg’s Transitional Regime For UK Firms In ‘Hard Brexit’ Scenario

Proskauer Rose LLP on

In early August 2019, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), confirmed in a press release that it had opened an online portal to allow UK firms currently using a financial...more

White & Case LLP

Financial Regulatory Observer – March 2019: Brexit preparedness for financial services: The German response

White & Case LLP on

It is yet unclear if and when the House of Commons will again decide about the Withdrawal Agreement and whether the date for the UK leaving the EU will be changed. Under the current circumstances, a hard Brexit on 29 March...more

Hogan Lovells

Transition without a transition period: EIOPA issues recommendations on continuity of insurance contracts following no-deal Brexit

Hogan Lovells on

On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more

Dechert LLP

Luxembourg Proposes 21-Month Grandfathering Period in a "Hard Brexit" Scenario

Dechert LLP on

The Luxembourg government has proposed legislation (Draft Bill), which would allow UK financial service providers to continue rendering certain services in Luxembourg for a period of up to 21 months after the date when the UK...more

White & Case LLP

Brexit preparedness for financial services: the German response

White & Case LLP on

The House of Commons recently rejected the Withdrawal Agreement. While the UK Parliament is still debating how to leave the EU, a hard Brexit remains an option. To prepare for this possibility, the UK, EU Commission and EU27...more

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