Weekly highlights—5 July 2018

Weekly highlights—5 July 2018

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 5 July 2018.

Brexit

European Union (Withdrawal) Act 2018 (Commencement and Transitional Provisions) Regulations 2018

SI 2018/808: Various provisions of the European Union (Withdrawal) Act 2018 will come into force in the UK on 4 July 2018. The provisions include the regulation-making power which allows regulations to be made to create exceptions from the general rule, which prevents challenges to retained EU law post-Brexit on the grounds that an EU instrument was invalid. Transitional provisions are also made in relation to certain enactments.

EIOPA on insurers’ duty to inform customers about the impact of the withdrawal of the UK from the EU

The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion addressed to national supervisory authorities about the duty of insurance undertakings and insurance intermediaries to inform customers about the possible impact of the withdrawal of the UK from the EU.

Treasury Committee sets out expectations for publication of Brexit impact assessments

The Treasury Select Committee published three letters on the publication of Brexit impact analysis, addressed to the chancellor of the exchequer, the Financial Conduct Authority (FCA), and the Bank of England (BoE):

HoC Library issues briefing paper on Brexit and financial services

The House of Commons Library published a 

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About the author:
Prior to joining LexisNexis in 2016 as a paralegal, Lauren was an adjudicator at the Financial Ombudsman Service. There she resolved consumers’ complaints, and gained knowledge about a wide variety of financial products. Before this she studied Law at Nottingham Trent University.