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ARTICLE · 20 FEBRUARY 2018

EU Commission Notices To Stakeholders

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On the 8 February 2018, the EU Commission issued two Notices to Stakeholders in connection with the withdrawal of the United Kingdom from the EU, titled "Withdrawal of the United Kingdom and EU rules in the Field of Banking and Payment Services" ...

European UnionFinance and Banking
Dr. Michael Psaila
Dr. Michael Psaila
Dr. Michael Borg Costanzi
Dr. Michael Borg Costanzi
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On the 8 February 2018, the EU Commission issued two Notices to Stakeholders in connection with the withdrawal of the United Kingdom from the EU, titled "Withdrawal of the United Kingdom and EU rules in the Field of Banking and Payment Services" and "Withdrawal of the United Kingdom and EU rules in the field of Post-Trade Financial Services" respectively.

This Article provides highlights of the Notices to Stakeholders which commence with the Commission's statement that, unless a ratified withdrawal agreement, establishes another date, all EU primary and secondary law will cease to apply to the United Kingdom from 30 March 2019, 00:00 hrs (CET) (the "Withdrawal Date") at which time the United Kingdom will become a third country.

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