Brexit asset management update

In this blog post we summarise the latest developments related to asset management. EU Exit draft SI  The draft Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 2) Regulations 2019 (SI) (with draft explanatory memorandum), which makes amendments to a number… Read more

Article 50 extension until 31 October 2019 agreed

The UK and the EU have formally agreed to extend Article 50 until 31 October 2019 11.00pm GMT during the Special European Council Summit held on 11 April 2019. The extension period may end at an earlier date, if a… Read more

Webinar available – The Brexit endgame

In today's webinar, Tom Henderson, Senior Associate and member of our core Brexit team, was joined by Oliver Lewis, Director at Hanbury Strategy, to discuss the latest political developments and the likely next steps. As one of the leaders of… Read more

Upcoming webinar – The Brexit endgame?

At the time of organising this webinar and following the defeat of the negotiated Withdrawal Agreement for a third time and the House of Commons' inability to agree an alternative way forward by way of indicative votes, Theresa May and… Read more

UK UNWINDS IMPLEMENTATION OF EU ADR LAWS

The post below was first published on our ADR blog The UK Government has published legislation to effectively revoke the implementation of the EU Mediation Directive (2008/52/EC) after Brexit. The Cross-Border Mediation (EU Directive) (EU Exit) Regulations 2019 (the Regulations) were made… Read more

Brexit corporate update: No-deal preparedness

As a no-deal Brexit (i.e. the UK leaving the European Union on 29 March 2019 without a withdrawal agreement in place) remains the legal default unless the European Union (Withdrawal) Act 2018 is amended ahead of that deadline, below are… Read more

“No deal” more off the table again (for now)

Last night (21 March 2019), the European Council agreed to offer the UK an extension until 22 May 2019, if the UK Parliament passes the "Meaningful Vote 3.0" in relation to the Withdrawal Agreement next week. If the vote fails… Read more

“No deal” back on the table

The Prime Minister has now officially requested an extension of the Brexit deadline to 30 June 2019 to enable her to bring the negotiated withdrawal deal (the legally binding Withdrawal Agreement and the Political Declaration on future relations) back to Parliament for a third ‘Meaningful Vote’. … Read more

WHAT NEEDS TO HAPPEN FOR THE UK TO EXIT THE EU?

The Prime Minister has now officially requested an extension of the Brexit deadline to 30 June 2019 to enable her to bring the negotiated withdrawal deal (the legally binding Withdrawal Agreement and the Political Declaration on future relations) back to Parliament for… Read more

Brexit Asset Management Update

In this blog post we summarise the latest Brexit developments related to asset management. Letters from UK financial regulators and HMT – preparations for no-deal Brexit FCA statement on operation of MiFID transparency regime post-Brexit FOS Q&As on effect of… Read more

Countdown to Brexit – three key votes

With just 15 days to go until Brexit, this week's events in the UK Parliament may well be crucial in setting the future direction for the UK's relationship with the EU.  To try to make sense of the ongoing political… Read more

Financial Services and the WTO in the context of Brexit

The EU Financial Affairs Sub-Committee of the House of Lords held a public meeting on financial services and the World Trade Organisation (WTO) on 13 March 2019.  Eric White, a Consultant in the Brussels office of Herbert Smith Freehills gave… Read more

Brexit Corporate Update

In this blog post we summarise the latest developments in UK corporate law and regulation related to Brexit. FCA confirms Handbook changes in the event of no deal Accounting and corporate reporting in the event of no deal Takeover Code – rule… Read more

BREXIT ASSET MANAGEMENT UPDATE

FCA proposed rules and guidance The FCA has published proposed rules and guidance that will apply in the event that the UK leaves the EU without a withdrawal agreement in place. This includes a Brexit policy statement and transitional directions… Read more

Brexit, Data, Brexit

As we all continue to try to grapple with the implications of a no-deal Brexit, the last week or two has seen the publication of a few things of interest from a data protection perspective: ... Read more

Post-Brexit reporting reminders from the FCA

The FCA has issued Primary Market Bulletin 21 today focused on Brexit. It covers two issues, the Market Abuse Regulation and Short Selling Regulation (particularly the market makers exemption). ... Read more