HMT has published the latest set of Brexit transition draft and updated draft SIs to be made under the EU Withdrawal Act 2018 in the event of a ‘hard’ Brexit, and accompanying explanatory notes. These cover:
- Central Securities Depositories
- Over the Counter Derivatives, Central Counterparties and Trade Repositories
- Financial Conglomerates and Other Financial Groups (explanatory note only)
- Ring-Fenced Bodies (explanatory note only), and
- Bank Recovery and Resolution