On Thursday 23 June 2016, the United Kingdom voted to leave the European Union. On 29 March 2017, HM Government notified the E.U. of the decision to withdraw under Article 50 of the Treaty on European Union, and has begun to negotiate a withdrawal agreement that will structure their future relationship.
Areas of legal uncertainty of relevance to the wholesale financial markets have emerged during this process. This page contains information about the FMLC's work to identify and analyse the legal issues resulting from Brexit—including updates from the High-Level Advisory Group set up to advise the Committee on its Brexit-related work—and links to relevant presentations and publications. The Committee has published a number of research papers and correspondence with HM Government regarding aspects of the U.K.’s withdrawal from the E.U. Publications on the topic range from in-depth pieces examining the general impact of Brexit on the functioning of the financial markets as well as responses to HM Government’s preparations towards an orderly Brexit.
Announcements and reports are arranged in a timeline for easy access; click here for an uncurated list of all FMLC content related to Brexit.
To draw the Committee’s attention to an issue of legal uncertainty, please write to the Secretariat.