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Government concedes: implementing Brexit Withdrawal Agreement will require another Act of Parliament

15 November 2017

By Charles BrastedAndrew Eaton and Louis Biggs

The EU Withdrawal Bill has now entered the committee stage in the House of Commons.  This is the stage at which Parliament gets into the detail of the Bill, including amending it if necessary. 

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Jurisdictions: United Kingdom

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The Treasury Committee’s Report on EU Insurance Regulation – What’s next for the PRA and the UK insurance industry?

8 November 2017

By Timothy Ellis, Steven McEwan and Camilla Middleton

*Reposted from www.hlinsurancelaw.com - Link

In September 2016, the treasury committee of the House of Commons (the Committee) launched an inquiry into EU insurance regulation and to supplement its work on the relationship that the UK might seek to have with the EU following Brexit.

Following the publication of various submissions and further evidence from a variety of market participants and interested parties, we published a note in March of this year, discussing the key issues that had begun to arise from the previous Committee's investigations.

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Industries: Financial Institutions, Insurance
Jurisdictions: United Kingdom
Services: Financial Services, Insurance

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The commission assessment – a decision-making aid for EMA's relocation?

6 October 2017

By Dr. Tanja Eisenblätter

Last week, a staff retention survey was published, according to which certain contestants in the race for hosting the EMA were less liked by the EMA staff. And now the decision-making progress is going forward.

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Industries: Life Sciences and Healthcare

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House of Lords Committee critical of "unacceptably wide" powers in the Withdrawal Bill

4 October 2017

By Julia Marlow, Telha Arshad and Louis Biggs

The House of Lords Delegated Powers and Regulatory Reform Committee has published a report on the European Union (Withdrawal) Bill. The report focuses on the Bill's provisions for secondary legislation and warns against giving Ministers “unfettered discretion” and “excessively wide legislative powers”. In particular, the Report criticises the scope of powers granted by clauses 7-9 and 17 of the Bill, which were discussed in our previous blog.

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The Government’s new-found commitment to a Brexit transition means the stage is set for an EU-UK agreement on financial services

29 September 2017

By Rachel Kent 

Both the EU and the UK have, in their own ways, expressed the desire to secure future arrangements for free trade in financial services.

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