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10/08/2018
The week in outline: This has been a quiet week. Michel Barnier made a further statement about the UK’s White Paper proposals for the future EU/UK relationship. On 10 July 2018, two days before the publication of the White Paper, Barnier delivered a speech at the European American Chamber of ...
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27/07/2018
The week in outline: On 24th July the UK Government published a White Paper (see Document 1 below) explaining the domestic legislation which would implement the proposed UK/EU Withdrawal Agreement (the ‘WA’). The draft WA deals with various issues, but there are no sector-specific arrangements for financial services (‘FS’). For ...
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23/07/2018
The week in outline: Following the publication of the White Paper last week Her Majesty's Government’s preparations for Brexit continue. A number of draft Statutory Instruments (SIs) relating to financial services (FS) have been introduced under the European Union (Withdrawal) Act 2018 (see “other publications” below). Most notable was the ...
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19/07/2018
The week in outline: Her Majesty’s Government (HMG) published its long awaited White Paper ‘The future relationship between the United Kingdom and the European Union’ on July 12. In summary, and as expected, HMG announced a major policy change with a new bifurcated approach to the trading relationship: HMG now ...
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11/07/2018
The week in outline: The week was dominated by domestic UK politics and the cabinet's Brexit 'away day' at Chequers. The cabinet statement (see document 1 below) released on Friday night confirmed the anticipated approach of HM Government (HMG). This high-level document is due to be followed by the publication ...
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03/07/2018
The week in outline: The European Union (Withdrawal) Act 2018 (the ‘EU(W)Act’) received Royal Assent. HMT published an overview (document 2 below) which provides a summary of the legislative preparations on the UK side for a ‘no-deal’ scenario (under the EU(W)Act). These include the ‘no-deal scenario’ transitional measures which the ...
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28/06/2018
The week in outline: The week was dominated, again, by the EU (Withdrawal) Bill. The bill has completed the parliamentary process and now only awaits the formality of Royal Assent. The Act will repeal the European Communities Act 1972 and provide the mechanism for the domestication (or ‘on-shoring’ or ‘porting’) ...
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28/06/2018
You can access the RegZone Bibliography here. The weekly RegZone Brexit updates on financial services started in April 2018. You will find links in each update to publications released that week. The bibliography covers publications prior to April 2018 which are relevant to the issues covered in the updates. The ...
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20/06/2018
The week in outline: The week was dominated by the debates in the HoC and amendments to the EU (Withdrawal) Bill. UK Parliamentary committees continue to raise issues in the FS sector. In our last update, we looked at the UK’s position during the proposed transition period under the draft ...
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13/06/2018
The week in outline: Verena Ross of ESMA has emphasised that Brexit requires ESMA to strengthen the Capital Market Union and reform third country treatment. This begs the question whether the EU is toughening its third country regime in financial services as a negotiation strategy and a failsafe against a ...