On 14 January 2019, The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 were made. The draft Regulations were published by HM Treasury on 30 November 2018 (our blog is here).
The majority of the Regulations come into force on exit day, and amend:
- The Credit Institutions (Reorganisation and Winding up) Regulations 2004;
- The Insurers (Reorganisation and Winding Up) Regulations 2004; and
- The Insurers (Reorganisation and Winding Up (Lloyd’s) Regulations 2005.
You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on our Brexit Pathfinder hub. Registration is free via the NRF Institute portal. Conformed copies of the EU Exit statutory instruments are available exclusively through our PathfinderPLUS service. To gain access to PathfinderPLUS, please contact Jochen Vester or Simon Lovegrove.