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ARTICLE · 20 NOVEMBER 2018

UK Post-Brexit EU Financial Services Legislation

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Shearman & Sterling is today making available consolidated versions of EU legislation showing the proposed U.K. on-shored versions.

European UnionFinance and Banking
Thomas Donegan
Thomas Donegan
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Shearman & Sterling is today making available consolidated versions of EU legislation showing the proposed U.K. on-shored versions. The batch of legislation that will be available at launch today comprises consolidated post-Brexit U.K. versions of:

  • The Bank Recovery and Resolution Directive/Banking Act 2009.
  • The Capital Requirements Regulation.
  • The European Markets Infrastructure Regulation.
  • The Markets in Financial Instruments Regulation.

These are found within our Brexit Resource Centerwebsite.

We will be adding new consolidated legislation to this maintained resource in due course.

Background

The U.K. government has been publishing statutory instruments (U.K. secondary legislation) onshoring and amending EU regulations after Brexit. This is being done under the European Union (Withdrawal) Act 2018, so as to ensure a workable U.K. statute book after Brexit. This "onshoring" legislation is not intended to introduce policy changes unrelated to

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