The following Financial Services guidance note Produced in partnership with Addleshaw Goddard provides comprehensive and up to date legal information covering:
This content is likely to be impacted by the UK’s withdrawal from the EU. For information on how leaving the EU will affect the EU Internal Energy Market and/or Great Britain’s (GB) international electricity and gas interconnectors and trade, see Practice Note: Energy and Brexit—the EU Internal Energy Market and international electricity and gas interconnection regulation and trade, which details the key publications and announcements made to date which are specific to Brexit and the EU Internal Energy Market and/or Brexit and Great Britain’s international electricity and gas interconnectors and trade. It also provides a brief analysis of the consequences of these publications and announcements, and the position to date.
Although the date and time of withdrawal of the EU (exit day) is fixed in UK law (see section 20 of the European Union (Withdrawal) Act 2018―although potentially subject to change), the legal terms of the withdrawal negotiated with the EU are not. That leaves open the possibility that the UK’s membership will lapse automatically on exit day, without all the necessary legal and transitional arrangements in place. This has implications for practitioners considering electricity and gas interconnectors and trade and Great Britain’s legal regime in respect of the same. For a more general timeline of key events and updates in respect of Brexit, see Practice Note: Brexit timeline. For
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