Brexit & EU reform

The Challenge of Brexit: How CMS is helping its financial institution clients across Europe and beyond
This brochure covers all FS sectors: insurance, banking and finance, payment services, securities and derivatives, funds and intermediaries etc.. It describes the support available from CMS and the value added services available from RegZone. It lists the members of the financial services Brexit team from across CMS.

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Status:

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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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 has indicated that notice will be given to the European Commission not later than March 2017 to 'trigger' Article 50 and begin the process.

Latest Reports

  • Glass sky

    The UK Supreme Court has given its judgment in the matter of R (on the application of Miller and another) v Secretary of State for Exiting the European Union [2017] UKSC 5 – more commonly known as “the Article 50 Brexit appeal”. The Court, by a majority of 8:3, has ...

  • The UK Supreme Court has announced that its decision in the appeal of R (on the application of Miller & Dos Santos) v Secretary of State for Exiting the European Union [2016] EWHC 2768 (Admin) – otherwise more commonly known as “the Article 50 Brexit appeal” – is due on ...

  • EU flag

    We are pleased to offer the recording of our recent webinar 'Helping Financial Institutions deal with Brexit - perspectives from London, Paris and Frankfurt' delivered by Simon Morris (CMS UK), Jerome Sutour (CMS France), and Oliver Dreher (CMS Germany). To view or download the recording, please click here. The slides ...

  • Europe from space

    CMS, in partnership with the Legatum Institute, hosted a panel discussion - 'Brexit update on financial services'.

    The panel discussion covered:

    views and news from the continental centres (Frankfurt, Paris, and Luxembourg)

    lessons from the Swiss experience

    the work of the Legatum Institute and its Special Trade Commission

    debate about the likely outcome for FS sector

    The speakers were Shanker Singham (Director of Economic Policy and Prosperity Studies, Legatum Insitute), Paul Edmondson (CMS UK), Andreas Feneis (CMS Germany), Jerome Sutour (CMS France), Vivian Walry (CMS Luxembourg), and Kaspar Landolt (CMS Switzerland).

    To view or download the slides from the event, please click on the link in the title.

  • Glass sky

    Recent Brexit Developments in Scotland Our “The future of Scotland post Brexit” report was published in the weeks after the EU Referendum to reflect where Scotland was at that point. Since then there have been some developments in the debate and also some reaction to the public pronouncements coming from ...

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Jargon Buster

Future Dates

* Estimated date

  • *End of March 2017

    UK Prime Minister, Theresa May, stated that the Government intends to trigger Art. 50 by this period.