Impact of Brexit: Market Abuse Regulation—quick guide [Archived]
Published by a LexisNexis Financial Services expert
Practice notesImpact of Brexit: Market Abuse Regulation—quick guide [Archived]
Published by a LexisNexis Financial Services expert
Practice notes
This quick guide provides high-level information on the measures taken under the European Union (Withdrawal) Act 2018 (EU(W)A 2018) to onshore Regulation (EU) 596/2014 (OJ L 173/1) (the eu market abuse regulation)
The principal measure taken under (EU(W)A 2018) to onshore the EU Market Abuse Regulation was the market abuse (Amendment) (EU Exit) Regulations 2019, SI 2019/310 (the Market Abuse Exit Regulations), made on 18 February 2019.
The Market Abuse Exit Regulations have been amended by the Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019, SI 2019/680, the Financial Services (Electronic Money, Payment Services and Miscellaneous Amendments) (EU Exit) Regulations 2019, SI 2019/1212 and the Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020, SI 2020/1301.
Overview of onshored and preserved EU-derived law post-IP completion day
EU(W)A 2018 created a programme of SIs dealing with contingency preparations for a no-deal brexit. The SIs made under EU(W)A 2018 form part of the process of domesticating EU law to ensure legal continuity following the UK’s exit from the EU.
EU(W)A 2018
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Brexit definition
What does Brexit mean?
means: (a) the United Kingdom (UK) ceasing to be a member state of the European Union (EU) and/or the European Economic Area (EEA) on exit day; and/or (b) the commencement, end of[ or variation in] any transitional, trading or other arrangements from time to time between: (i) the UK and the EU and/or EEA (including during any implementation period and IP Completion Day); and/or (ii) the UK and any other country, group of countries, international organisation, bloc or body (including the World Trade Organization) in contemplation of or (directly or indirectly) in connection with the UK’s said cessation of membership;
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