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Members of Fermanagh and Omagh District Council have traded political blows after receiving an update around Brexit, with the Northern Ireland Protocol taking centre stage. During a meeting of the Brexit Committee, the single aspect not dividing the chamber was discontent with the current position. How it was reached however, was reduced to an all-out, gloves-off  blame game. The Trade Agreement signed on Christmas Eve became law days later through the Future Relationship Bill. The Protocol keeps Northern Ireland within the EU Single Market with customs applying to goods, including mov...

Too many of us have lost someone over this past year. Grief is never an easy emotion to navigate.

United Kingdom: HM Treasury consults on regulatory approach to cryptoassets and stablecoins On 7 January 2021 HM Treasury (HMT) published a combined consultation paper and call for evidence on the regulatory approach to cryptoassets and stablecoins. In outline, the consultation proposes: A policy approach that would involve specific requirements being implemented by independent regulators (e.g. via rules or codes of practice) within a wider framework of objectives and considerations set out by HMT. Expansion of the regulatory perimeter, with the introduction of a regulatory framework for “s...

George Hepburne-Scott Prior to our departure by far the highest volume of extradition cases were through the European Arrest Warrant (EAW) scheme. The UK-EU Trade and Cooperation Agreement (TCA) was signed on the 24 December 2020 and came into force at 11:01pm on 31 December 2020. Among other things, the TCA created a new extradition warrant called simply the Arrest Warrant (AW). The AW surrender arrangements are contained in Title VII of Part 3 in the TCA. Legislatively, as incorporated into the Extradition Act 2003 (the 2003 Act) by the European Union (Future Relationship) Act 2020 (the 202...

Brexit Please see the other sections for product-specific updates relating to Brexit. Please see our Brexit financial services webpage which contains, amongst other things, tables detailing Brexit statutory instruments, equivalence decisions, EEA transitional regimes and UK regulators’ publications.  FCA and PRA on passporting in and out of Gibraltar after the transition period On 31 December, the FCA published a new webpage on Gibraltar passporting arrangements, with the PRA publishing its respective webpage on 4 January. The regulators explain that the transitional arrangements preservin...