On 22 January 2019, the International Swaps and Derivatives Association (ISDA) published a memoranda of FAQs on Brexit. The FAQs address the possible UK position post-Brexit, and the responses to these FAQs involve an assessment of the various outcomes of the exit negotiations (including a no-deal outcome either on 29 March 2019 if the draft Withdrawal Agreement is not approved and the Implementation Period does not come into effect, or at the end of the Implementation Period if the draft Withdrawal Agreement is approved and comes into effect). The FAQs are updated to the position as at 31 December 2018 and do not reflect any developments after that date.