Find the latest news, views and guidance on hot topics here. From Brexit to Sustainability, we are here to help.
At over 1200 pages, the Trade and Cooperation Agreement (TCA) signed by the UK and EU in December 2020 does not make for an easy read. This guide breaks it down into the key topics of interest to business. Alongside our commentary on each topic, you will also find links to the relevant provisions of the TCA. As our own analysis of the deal progresses, we will be adding further commentary, so please check back in for updates.
We have recently updated our cross-practice area guide to the UK-EU Trade and Cooperation Agreement (TCA), which breaks it down into key topics of interest to business. Our commentary has been fully updated to reflect developments such as the EU's recent data adequacy ruling regarding the UK.
Originally published 12 March 2021
Hot on the heels of HM Treasury's consultation on the prospectus regime, on 5 July the FCA published a consultation on the effectiveness of the primary markets. The consultation firstly looks at ways of improving the efficiency of the listing regime and secondly proposes targeted changes to remove barriers to listing. The FCA seeks to address, and build upon, the proposals of the Kalifa Review of UK FinTech and Lord Hill's UK Listing Review.
In the third of a series of articles looking at how Brexit is working out for the UK, we consider the geographic impact and how that might affect future decisions by businesses to invest in the UK.
Following Brexit and the Hill Review, the Treasury is looking to carry out a radical overhaul of the rules governing public offers of securities and prospectuses in the UK. Even to the staunchest remainer, the proposals appear to remove some of the less logical constraints imposed by the EU Prospectus Regulation, minimising legislation and allowing the FCA freedom to act more nimbly in deciding when a prospectus is actually necessary, and when investors are adequately protected by market information or other means.
In a welcome move, the European Commission has formally approved an adequacy decision for the UK on data protection. However, as we explain below, this may not be the end of the story as regards the post-Brexit treatment of EU personal data – and there is still unfinished business in a number of other important areas beyond data protection.
In the second of a series of articles looking at how Brexit is working out for the UK, we discuss tariff reductions that took effect on 1 January 2021. Which sectors benefit, what will be the wider impact and what more could be done?
This is the first in a series of briefings looking at how Brexit is going, 4 months after the end of the transition period. Here we discuss the current state of UK-EU relations: could they improve and could this bring about improvements in the trading relationship?
Following the end of the Brexit transition period on 31 December 2020, EU free movement rules no longer apply to travel between the UK and countries within the EU.
In 2019, UK voters were promised that there was a plan to "get Brexit done", so that we could all move on – and businesses could invest against a background of greater certainty. Whilst considerable progress has been made towards those goals, there remains a significant amount of unfinished business and uncertainty in key areas.
The UK Government has announced that full border controls on imports of most goods from the EU will not now be introduced until 1 January 2022. This is a significant delay, as it had previously planned to introduce full controls by 1 July 2021.
A barrier-free flow of personal data between the EEA and the UK shows much greater promise now that the European Commission has published its draft adequacy decision for the UK. Whilst this is welcome news, it does not mean an end to post-Brexit uncertainty in this area.
The Trade and Cooperation Agreement (TCA) signed by the UK and the EU in December 2020 contains a number of provisions which relate to tax. In this briefing, we look at what they are and how far they could constrain the UK's room for manoeuvre on tax issues in future.
A regular briefing for the alternative asset management industry.