On 23 August 2018, the Secretary of State for Exiting the EU, Dominic Raab MP, gave a speech on planning for a ‘no deal’ Brexit.
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Draft Capital Requirements (Amendment) (EU Exit) Regulations 2018
On 21 August 2018, HM Treasury published a draft of The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (the draft SI), together with an explanatory memorandum.
UK Government – Framework for the UK-EU partnership in financial services
On 20 August 2018, the UK Government published a presentation setting out its views on the framework for the UK-EU partnership in financial services.
Draft Short Selling (Amendment) (EU Exit) Regulations 2018
On 9 August 2018, HM Treasury published a further financial services related draft statutory instrument (draft SI) under the European Union (Withdrawal) Act 2018.
FMLC report on continuity concerns in legacy contracts post-Brexit
On 6 August 2018, the Financial Markets Law Committee (FMLC) published a paper, UK Withdrawal from the EU: Issues of Legal Uncertainty Arising in the Context of the Robustness of Financial Contracts.
AFME and ISDA paper on contractual continuity issues in OTC derivatives post-Brexit
On 30 July 2018, AFME and ISDA published a paper looking at the challenges faced by UK and EU firms and their clients seeking to avoid uncertainty after Brexit.
UK temporary permissions regime to allow EEA financial services firms and non-UK CCPs to operate in the UK post-Brexit
House of Lords Committee inquiry into UK’s relationship with the European Investment Bank post-Brexit
The House of Lords EU Financial Affairs Sub-Committee has launched an inquiry into the UK’s future relationship with the EIB and the potential consequences of the UK losing access to EIB funding.
Update on the regulatory approach to preparations for EU withdrawal
The Chancellor’s speech on financial services
The Chancellor of the Exchequer, Philip Hammond, has made a speech on Brexit and financial services.