New UK Medicines and Medical Devices Bill Announced

UK government's proposed plan for new legislation, includes a new "Medicines and Medical Devices Bill".

Brexit: challenges and opportunities for FinTechs

With Parliament prorogued and the Government suggesting it may ignore legislation obliging it to request a further Brexit extension from Brussels, it remains a possibility that the UK may leave the EU on 31 October 2019 without a deal. In light of this it is important that businesses continue their preparations for Brexit in order to ensure they are able to continue to offer their services with minimal disruption.

Brexit - a guide to the latest developments

As the UK's constitution continues to be tested, the Brexit fundamentals remain unchanged.

What does a Johnson Premiership mean for Brexit?

By Andrew Eaton

Mr Johnson takes charge of Brexit at a fractious time for his party and the country, with the Conservative Party's working majority in the House of Commons (with the support from the Democratic Unionist Party) now just two and a number of pre-emptive ministerial resignations before he took office setting a defiant tone among rebellious MPs within the party itself.

Europe's share trading spat with Switzerland is a warning shot

Published in The Daily Telegraph on 9 July 2019

The EU’s dispute with Switzerland over the terms of access to their respective share trading markets, which brought the trading of Swiss stocks on European stock exchanges to a halt last week, is a stark reminder of what might await the UK in October.

Brexit recap: Where we are and how to do business in uncertainty

The UK Conservative Party leadership race is in full swing, with candidates making a number of promises and pledges relating to Brexit.  In light of this, it is instructive to recap the basic legal position in which the UK finds itself and how we got here.

FCA extends Temporary Permissions Regime deadline to 30 October 2019

The Financial Conduct Authority (FCA) has confirmed that the deadline for notifications for the temporary permissions regime (TPR) will be extended to the end of 30 October 2019. This extension applies only to firms that will be solo-regulated by the FCA. Firms that will be regulated by the Prudential Regulation Authority, that is, credit institutions and insurers, can no longer submit a notification to enter the TPR as their deadline was 11 April 2019.

Pro Bono Brexit Project: Belonging

In partnership with PositiveNegatives, Kids in Need of Defense UK and The Project for the Registration of Children as British Citizens (PRCBC) , we have launched Belonging. Belonging is a pro bono initiative, in part focused on raising awareness of the citizenship law rights of the children of Swiss and EEA national parents living in the UK. Brexit has caused a spike in people making decisions around citizenship. Through a series of three communication tools, we hope to be able to better equip people with the right knowledge to make these decisions.

What do products companies need to know?

If the UK and the EU are unable to agree a way forward or a further extension by 12 April, the UK will leave the EU without any transition period. Approved by Parliament and awaiting ministerial signature, the draft Product Safety and Metrology etc. (Amendment etc.) (EU Exit) Regulations 2019, will amend domestic product safety legislation in the event of a "no deal".

1.5% SDRT and no-deal Brexit

The UK’s 1.5% SDRT charge on an issue of shares to a clearance service or depositary receipt system is not currently being collected because it was found to be contrary to EU law. The government has said it will not reinstate this charge after the UK leaves the EU. Further comfort can be taken from the legal position: an analysis of the Vidacos and BNY cases, EU law and the European Union (Withdrawal) Act 2018 suggests that, in the event of a no-deal Brexit, the charge will still not apply.

New UK MHRA No Deal Guidance

With the possibility of the UK leaving the EU on 29 March 2019 (a "no deal" Brexit) still on the table, life sciences companies are continuing their "no deal" preparations.

Italy Temporary Permissions Regime (TPR) for hard Brexit

Following the Ministry of Economy and Finance press release of 24 January 2019, last night the Italian Government approved the law decree aimed at ensuring financial stability and market integrity in the event of hard Brexit (the "Decree").