Following the referendum vote to leave the EU, the UK 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.
Our brochure, which summarises the key findings of the report, can be downloaded here.
The full report, with annexes, is available to download here.
You can download individual chapters of the report here:
Chapter 1 - Introduction
The status quo
Chapter 2 - Financial services under WTO Rules and FTAs
Chapter 3 - Regulating cross-border financial services - general
Chapter 4 - Regulating the different modes of cross-border supply
Chapter 5 - Assessing the sufficiency of regulation in another country for dual regulation coordination
Chapter 6 - A new UK-EU partnership
Chapter 7 - The timeline and legal challenges
Chapter 8 - Looking beyond the EU
Chapter 9 - Brexit outcomes without the comprehensive partnership
Chapter 10 - Evolution of the UK regulatory regime
A referendum on Britain's membership of the European Union was held on 23 June 2016. On 24 June 2016 it was announced that the UK voted to leave the EU. The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave. The Government gave notice to the European Commission in March 2017 to 'trigger' Article 50 and begin the process.
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 ...
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* Estimated date
Exit date is:
End of Brexit transition period
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