News & Analysis as of

Transitional Arrangements European Economic Area (EEA)

Dechert LLP

AIFMD 2.0: A Focus on Existing Funds That Originate Loans (Transitional Provisions)

Dechert LLP on

AIFMD 2.0 enters into force today –15 April 2024. Member States have 24 months to transpose the provisions into national law, meaning that AIFMD 2.0 will take effect from 16 April 2026....more

BCLP

Asymmetric Exhaustion of Rights between EU27 and UK set to begin at the end of the Transition Period …but for how long?

BCLP on

As the end of December 2020 approaches, IP owners preparing for the end of the transition period need to be aware of the changes being made to the exhaustion of IP rights regime, to: (i) avoid being caught off guard and...more

BCLP

Protecting your investment in databases created in the UK or the EU during the transition period (and afterwards)

BCLP on

The UK introduced the free-standing (‘sui generis’) EU database right in 1997. This right gives protection to a maker of a database, where a substantial investment has been made in either obtaining, verifying or presenting...more

Latham & Watkins LLP

ESMA’s STO Guidance Aims to Limit Post-Brexit Disruption

Latham & Watkins LLP on

However, ESMA’s proposed changes are less sweeping than required to achieve this aim. Should the Brexit transition period end without a UK equivalence decision, ESMA has issued guidance to limit the impact on the trading...more

Rothwell, Figg, Ernst & Manbeck, P.C.

Speed Dating in the UK? Negotiating New Data Protection Relationships with the EU

With all that has happened this year, most of us can’t wait until 2020 is in the rear view mirror.  The end of 2020, however, marks the end of the transition period provided, post-Brexit, to allow time for UK businesses and...more

Latham & Watkins LLP

Data Protection Impacts for UK Businesses Under the UK Withdrawal Agreement

Latham & Watkins LLP on

“Business as usual” for UK-EU data protection transition in 2020. On 29 January 2020, the EU Parliament approved the UK Withdrawal Agreement after the UK Parliament’s ratification via the EU Withdrawal Act 2020 on 23 January...more

Dechert LLP

Brexit Manoeuvres: Brexit 2020 – The Year Ahead

Dechert LLP on

Following the UK General Election on 12 December, the government now has the parliamentary majority it needs to enact its Brexit policy: an orderly exit from the EU on 31 January followed by a transition period until 31...more

Dechert LLP

Brexit Manoeuvres: Potential Implications of a "Hard Brexit" for Fund Managers: A UK Perspective - October 2019

Dechert LLP on

This note sets out at a high level the potential impact of the United Kingdom’s (“UK”) exit (“Brexit”) from the European Union (“EU”) without a negotiated agreement on UK and European Economic Area (“EEA”) (a) alternative...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

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

Skadden, Arps, Slate, Meagher & Flom LLP

'No-Deal' Brexit – EU Regulators Take Small Steps to Maintain Status Quo for UK Fund Managers

In the middle of February 2019, Brexit continues to be debated between Westminster and Brussels, despite the rapidly approaching deadline for the United Kingdom (U.K.) to leave the European Union (EU) on March 29, 2019. With...more

Dechert LLP

Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on

FCA issues direction confirming the notification process under its post-Brexit temporary permissions regime - As previously reported, the UK government and the FCA are proposing to implement a Temporary Permissions Regime...more

A&O Shearman

UK Regulators Confirm Approach to Authorization and Supervision of International Banks, Investment Firms, Insurers and CCPs Under...

A&O Shearman on

Following the announcement on March 19, 2018 that a transitional period for Brexit had been agreed between the U.K. and the EU, the U.K. regulators have published statements setting out their expectations regarding firms'...more

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