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Brexit

This category contains 54 posts

FCA extends “temporary transitional power” – but not for everything

Now that Brexit is back in discussion  and a “no deal Brexit” more possible (see here), preparation activity is beginning to increase. Last week, the UK’s Financial Conduct Authority (FCA), announced an extension to the temporary relief previously granted, that would apply in the event of a no deal Brexit, to certain aspects of financial … Continue reading

Brexit planning could soon restart

With a new leadership in the UK promising that the country will leave the EU on the 31st October, with or without a deal” (see here on Sky News for example), planning that slowed down when the UK failed to leave on the 12th April (see here)  may soon restart. ISDA recently updated their “Brexit … Continue reading

No Brexit today – but several updates

Today was to be the day on which Brexit finally occurred. However, the switch is delayed to the 12th April, 22nd May, or perhaps some other date. The politics around the process continue to evolve (for example see here on the BBC News web site). In the meantime there has been some relevant activity to … Continue reading

More Brexit updates: FCA announcements

The news around Brexit now comes out on an hourly basis (for example see here on Sky News). A “no deal” Brexit remains very possible. As a result, following last week’s announcements (see here), the UK’s Financial Conduct Authority (FCA) has made several of their own, in particular around EMIR and MiFID II: EMIR The … Continue reading

Brexit update – C6 carve out, NRA REMIT letters and more

The political side of Brexit still has not produced a concrete result (for example, see here on Sky News). With three weeks to go until the Brexit date of 29th March 2019, the majority of the market is preparing for a “no deal” scenario. Never the less, some thought is also being put into what … Continue reading

Brexit update: US/UK agreement, EU recognition and more

The date for Brexit is now just over a month away, on 29th March at 11pm GMT. Politicians however are still deliberating on whether the Withdrawal Agreement will be signed, or whether there will be a “no deal” Brexit (for example, see here on The Guardian news site). There have also been some announcements affecting … Continue reading

Brexit update – many new documents as the date approaches

While the politics around the Brexit process grow become ever more frantic (for example see here on BBC News), preparations for a possible “no deal Brexit” now need to move into reality mode, given that there are just over 6 weeks until this may occur. Since our last post here, there have been several developments … Continue reading

GB Capacity market developments

Following the suspension of Great Britain’s Capacity Market following a ruling by the European Court of Justice (see here) and some interim actions by the UK’s Business, Energy and Industry Strategy  department (BEIS) (see here), the European Commission has lodged an appeal. The appeal is reported here on The Energyst’s web site and also here … Continue reading

Brexit update – plenty more guidance in the face of uncertainty

The political side of Brexit has seen plenty of news over the last two weeks, and this is set to continue, with another vote in the UK Parliament tomorrow (see here on the BBC web site for example). Since our last post here, there have also been some regulatory developments on the financial,energy and commodity … Continue reading

Brexit update: ACER REMIT letter and more

After a seasonal break, the politics around Brexit have come back to full speed (for example see here on the BBC web site).  In the meantime, more developments are becoming apparent in terms of the rules covered on this blog: Yesterday, ACER issued this open letter, which highlights some of the issues that may occur … Continue reading