On 28 February 2019, the FCA, PRA and Bank of England published a number of policy documents following on from their Autumn 2018 consultations, on their respective approaches to a hard Brexit.
Inside Brexit blog
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EIOPA issues recommendations to European National Competent Authorities to minimise risks to policyholders in the event of a no-deal Brexit
ESMA announces recognition of UK CCPs in the event of a no-deal Brexit
Brexit: Doing business in the EU
France enacts a new legal regime for insurance contracts entered into before Brexit in the event of a no-deal.
New FCA webpage – Brexit – what we expect firms and other regulated persons to do now
On 1 February 2019, the FCA published a new web page, Brexit – what we expect firms and other regulated persons to do now.
House of Commons meaningful vote: update
We have published a short video following the House of Commons vote on the draft Withdrawal Agreement. The Government lost the vote by 230 votes.
Brexit: Financial Services Contracts Regime
Commission implements “no-deal” Contingency Action Plan in specific sectors
On 19 December 2018, the European Commission issued a press release stating that it has started to implement its “no deal” Contingency Action Plan.
German government takes preparations to pave the way for a transitional regime for the run-off of the German business of UK insurers and reinsurers in the case of a hard Brexit
The date on which the UK will leave the EU is coming closer. Unless the Withdrawal Agreement is ratified by both the UK and the EU, the UK will become a “third country” under EU legislation on 30 March 2019.