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Clifford Chance

Clifford Chance


Brexit deal or no deal? – The Netherlands mitigates the risks with legislative measures

22 January 2019

The Netherlands is introducing a number of contingency measures to anticipate a potential hard Brexit, including (i) providing the Dutch Government with legislative tools to act quickly to mitigate unforeseen but unacceptable adverse consequences and (ii) ensuring that settlement systems currently designated by the UK will continue to qualify as systems within the meaning of the EU Settlement Finality Directive in case of an insolvency of a Dutch member firm. We also briefly discuss some market entry considerations for UK firms in case of a hard Brexit.

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