On 27 October 2018, the Financial Markets Law Committee (FMLC) published a report as part of their “onshoring” statutory instruments comment series (the Report), concerning the onshoring of the Bank Recovery and Resolution framework post-Brexit. Onshoring the framework will be achieved via the Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (the Regulations). The Report notes that legal uncertainties arise within the Regulations with regard to how future cooperation arrangements can be developed; whether English law instruments will continue to meet the conditions for recognition as a bank’s minimum requirement for own funds and eligible liabilities; how cross-references to EU will be managed; the loss of protections owed in relation to the functioning of central counterparties. The FMLC encourages HM Treasury to publish guidance to enable firms impacted by the Regulations to begin planning for the future.