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This week’s edition of Corporate highlights includes the latest updates on Brexit, ESMA’s first Q&As on the Prospectus Regulation and a BEIS report on the gap between chief executive pay and the rest of the workforce.
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SI 2019/632: This enactment was made in exercise of legislative powers under the European Communities Act 1972 (ECA 1972) and the European Union (Withdrawal) Act 2018 (EU(W)A 2018) in preparation for Brexit. This enactment amends and revokes provisions of UK primary and subordinate legislation in relation to financial services and markets in order to address deficiencies arising from the withdrawal of the UK from the EU, ensuring that the UK’s financial services legislative framework continues to operate effectively where the UK leaves the EU. It is intended to apply in the event that no deal is reached on the UK’s withdrawal from the EU and comes into force partly on 23 March 2019 and fully on exit day.
For further information, see: LNB News 01/02/2019 46.
SI 2019/628: This enactment was made in exercise of legislative powers under EU(W)A 2018 in preparation for Brexit. This enactment amends and revokes UK primary and subordinate legislation in relation to EU(W)A 2018 in order to ensure that the UK statute book accommodates retained EU law, a new body of domestic law introduced by EU(W)A 2018, coherently and effectively after the UK’s withdrawal
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