Brexit & EU reform

The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and the Legatum Institute Special Trade Commission have produced a joint report which looks at how the new UK/EU partnership might work in the field of financial services. Please visit our dedicated page on this report here.

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.

Access the full Reform Tracker

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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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 gave notice to the European Commission in March 2017 to 'trigger' Article 50 and begin the process.

Latest Reports

  • Europe from space

    Top report

    Brexit: a question of competence

    18.05.2017

    On 16 May 2017, the Court of Justice of the European Union (CJEU) handed down its opinion on the process for concluding the EU’s free trade agreement (FTA) with Singapore, a so-called “new generation” FTA with a wider scope than more traditional FTAs. This widely awaited opinion provides clarity on ...

  • City, London

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...

  • EU flag

    CMS held a pan-European seminar on 17 March on "Cross-border banking and investment structures post-MiFID II and Brexit".

    The seminar covered: 
    Overview (Ash Saluja, CMS UK)
    Local EU jurisdictions:
    Jérôme Sutour (CMS France)
    Andreas Feneis (CMS Germany)
    Darragh Murphy (McCann Fitzgerald, Ireland)
    Paolo Bonolis (CMS Italy)
    Perspective from a third country (Kaspar Landolt, CMS Switzerland)
    Looking ahead (Paul Edmondson, CMS UK)

    The seminar slides are available to view/download via the link in the title.

  • 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 ...

See more reports

Jargon Buster

Future Dates

* Estimated date

  • 14 July 2017

    Further to the PRA's 'dear CEO' letter (April 2017), the deadline for firms to submit the Brexit contingency plans is 14 July 2017.