On 1 December 2020, UK FCA reminded firms to be ready for end of the transition period. UK FCA using temporary transitional power, giving firms more time to comply with many changes, but also key requirements they must comply with by 1 January 2021. Passporting ends on 31 December 2020, so firms providing services currently […]

On 23 October 2020, UKP started common frameworks inquiry on post-Brexit. UKP house of Lords Common Frameworks scrutiny committee, launched an inquiry on post-Brexit common frameworks program, inviting evidence from interested parties. Background UK’s exit from EU will result in a number of powers that are currently held by the EU being returned to the […]

On 25 September 2020, DEN FSA updated guidance on application form with more FAQs. Included questions on what it means for license to be conditional; and the obligations to which a holder of a license under s33 of Danish Financial Business Act are subject.  

On 12 February 2020, IRE CB governor on the challenges for the next decade. At the European Financial Forum, CB Governor Gabriel Makhlouf said: “Consumers, businesses and regulators should expect, and plan for, more frictions and divergence.” He also discussed the main challenges facing the Irish economy over the next decade. Brexit UK withdrawal from […]

On 11 December 2019, POR CMVM updated Brexit questions and answers. Updated Q&As re Brexit made available to market entities, non-professional investors. Follows POR CMVM March 2019 published questions and answers on Brexit. Overview 7 new questions were added, reflecting implications of transitional measures to be implemented should the UK choose to leave the EU […]

On 19 October 2019 UKP voted to withhold approval of Boris Johnson’s deal. Follows EC October 2019 statement on recommendation to the Council. UK PM Deal Defeat UKP voted to amend UK GVT’s motion on Boris Johnson’s Brexit deal to withhold parliamentary consent until the withdrawal legislation had completed its passage. Amendment was designed to […]