A new UK/EU relationship in financial services: a bilateral regulatory partnership

12 April 2017 Download PDF

The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market).

CMS and the Legatum Institute Special Trade Commission have produced a joint report which looks at how the new UK/EU partnership might work in the field of financial services. Please see our topic page on the report here.

Our brochure, which summarises the key findings of the report, can be downloaded here.

The report is available to download here.



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Agency Database

Future Dates

* Estimated date

  • 30 January 2020

    Last day for firms to notify the FCA that they wish to enter into the temporary permission regime. 

  • *31 January 2020

    Exit date is:

    •  31 January 2020 by 23:00 (UK Time)  The UK will withdraw from the EU

  • *31 January 2020

    In the event of a no-deal exit, the FCA will make the UK-RTS substantially the same as the EU-RTS and make consequential changes to its Handbook on exit day.