On June 23, the House of Commons published a statement made by the UK Government on its approach to implementing financial services regulatory reforms before the end of the Brexit transition period (the Statement).
Continue Reading Brexit: UK Government Statement on Implementing Regulatory Reforms
UK House of Commons
ICMA Publishes a Report on Definitions for Sustainable Finance
Posted in EU Developments, Financial Markets
On May 11, the International Capital Market Association’s (ICMA) Sustainable Finance Committee published a report setting out its proposed high-level definitions for the most frequently used terminology in the sustainable finance sector (the Report).
Continue Reading ICMA Publishes a Report on Definitions for Sustainable Finance
UK and EU Publish Draft Brexit Withdrawal Agreement
On November 14, a technical agreement was reached between the negotiators of the UK and the EU in relation to the terms of the withdrawal of the UK from the EU (the Withdrawal Agreement). Published alongside the Withdrawal Agreement was a non-binding Political Declaration, providing an overview of the intended future relationship between the UK and EU.
Continue Reading UK and EU Publish Draft Brexit Withdrawal Agreement
UK Treasury Committee Calls for Regulation of Crypto-Assets
On September 19, the UK’s House of Commons Treasury Committee (Treasury Committee) published a report on its inquiry into crypto-assets, launched in February 2018. The report is an update of what was provided on its website in May 2018 (for further details, see the May 25, 2018 edition of Corporate & Financial Weekly Digest).
Key findings and conclusions in the Treasury Committee’s report include the following:
Continue Reading UK Treasury Committee Calls for Regulation of Crypto-Assets
Government Publishes Report on UK Trade Options After Brexit
On March 7, the UK House of Commons International Trade Committee (Committee) published a report titled “UK trade options beyond 2019” (Report).
In the Report, the Committee examines different potential models for UK international trade after the United Kingdom leaves the European Union. The Report covers the UK’s relationship with the World Trade Organization (WTO), the proposed free-trade agreement (FTA) between the United Kingdom and the European Union, and the implications of the United Kingdom trading with the European Union under WTO rules only.
Continue Reading Government Publishes Report on UK Trade Options After Brexit
Brexit and Passporting: FCA Statistics
By Neil Robson on
On September 20, the UK House of Commons Treasury Committee published a letter (Letter) from Andrew Bailey, Chief Executive of the UK Financial Conduct Authority (FCA), dated August 17. The Letter contains figures on UK firms currently holding single-market “passports” under certain EU directives to provide services or establish branches elsewhere in the European Union.
Continue Reading Brexit and Passporting: FCA Statistics