The European Commission has updated its Brexit “readiness notices”. 

These cover 100 different sectors with a specific notice for the end of Brexit transition on 31 December 2020.

My personal favourite is the one on banking and payment services but ‘your mileage may vary’ 🙂

The readiness notices for most sectors also make clear (as we have in previous posts) that your Brexit readiness will also depend on issues that aren’t specific to any one sector, such as EU rules on conflict of laws and jurisdictions (like switching from English to Irish law/courts), company formation and data protection. These are covered in other notices are in preparation or have been published.

Of course other issues include demonstrating you have considered all the issues to satisfy your director’s duties,  employment and corporate immigration issues, tax and other incentives for choosing one jurisdiction over another, and so on. We have also covered these.

Each member state and your local regulator(s) will also have readiness notices. The UK’s Financial Conduct Authority has published guidance on assessing the impact on outsourcing arrangements, for example. Incidentally, the European Central Bank has found that banks have quite a bit of Brexit preparation work yet to do.

Please get in touch if you would like any help on any of these issues.