Brexit & Regulatory Divergence
The UK left the EU on 31 January 2020, and the Brexit transition period ended on 31 December 2020. The UK “onshored” EU legislation that was in force at the end of the transition period, making adjustments so that the legislation would operative effectively on a UK-only basis.
However, following Brexit the UK is free to amend this legislation as it likes, and has started reviewing various EU regimes with a view to making policy changes. Firms operating across the UK and EU will therefore need to keep a watch on how these parallel regimes will diverge over time.
PODCAST – BREXIT & FINANCIAL SERVICES: PREPARING FOR THE END OF THE TRANSITION PERIOD
Listen below to FCA’s Stephen Hanks as he discusses onshoring and how to ensure regulatory compliance, part of our Connected With Latham podcast series.