The EU (Withdrawal) Act, which transposes the body of EU-derived law into UK legislation, received royal assent on 27 June. Over the coming weeks, the UK Government is expected to start publishing a large volume of secondary legislation to make amendments to adapt the acquis in areas where it would be unworkable to directly transfer EU legislation into UK law. Given the large volume of financial services regulation derived from EU law and the inherent policy choices involved in adapting it to a UK framework outside the EU, the secondary legislation is likely to have significant implications for firms.

Members were joined in the briefing by:

• Chris Bates, Partner, Clifford Chance LLP
• Simon Lewis, Chief Executive, AFME
• Oliver Moullin, Managing Director, Brexit and General Counsel, AFME
• Arved Kolle, Manager, Brexit, AFME