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Clifford Chance

Clifford Chance


Brexit and Capital Markets - 31 December 2020 Considerations

1 October 2020

From 31 December 2020 (when the Brexit transition period ends), if there is no Brexit trade deal for financial services, no concessions and no equivalence determinations, the United Kingdom will be treated like any other "third country".  This briefing highlights key implications.  It is based on the situation envisaged in the current UK SIs prepared for such a No Deal contingency.

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