News & Analysis as of

No-Deal Brexit Financial Services Industry Withdrawal Agreement

Latham & Watkins LLP

Brexit: 10 Commonly Asked Questions

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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 Government Agrees Extension of Brexit Deadline With European Union

A&O Shearman on

The U.K. Government has published legislation extending the deadline for the U.K.'s withdrawal from the European Union, following an agreement reached with relevant European Union bodies on the extended Brexit deadline. The...more

A&O Shearman

European Commission Issues Communication on Final Preparations for No-Deal Brexit

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The European Commission has published a Communication on finalizing preparations for the withdrawal of the U.K. from the EU on November 1, 2019. The Commission stresses the likelihood of a no-deal Brexit on October 31, 2019...more

Proskauer Rose LLP

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

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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

Latham & Watkins LLP

Italy’s Brexit Law Decree Comes Into Force

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The law decree lays down a temporary regime for regulated firms in a no-deal Brexit scenario. On 20 March 2019, the Italian Council of Ministers approved a law decree laying down urgent measures to ensure 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

BCLP

Saving the Crown Jewels in a post-Brexit world

BCLP on

The financial services industry is often referred to as the jewel in the crown of the UK, but as the possibility of a “no-deal” draws ever closer, what measures are being put in place to ensure that the financial services...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

Hogan Lovells

European Commission's “no-deal Brexit” Contingency Action Plan

Hogan Lovells on

On 19 December 2018, the European Commission published a Communication addressed at the EU institutions. The Communication relates to the preparation for the withdrawal of the United Kingdom from the European Union, in case...more

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