Access Post-Brexit: Are You In Or Out?

On 12 July the UK Government published its paper 'The Future Relationship between the United Kingdom and the European Union', based on the Chequers Statement of 6 July 2018, which sets out the UK's proposal for "a principled and practical Brexit". 

It is now more important than ever for UK-based financial services firms to press on with contingency plans to allow for continued access to EU markets post-Brexit.

Some key takeaways for the financial services sector are:

• the EU and the UK have a shared ambition to proceed "with pace" and to finalise the terms of the Withdrawal Agreement and the Future Framework by October 2018;
• there will no longer be any passporting regime available, the UK will become a third country outside the Single Market;