UKP Brexit Trading Options

On Mar. 7, UKP issued report on trading relations for UK after Brexit.

  • UK International Trade Committee report on issues to resolve Brexit negotiation.
  • Report Findings
  • UK's position in WTO will be foundation stone for all future trading relationships.
  • Uncertain how quickly it will be to disaggregate UK from EU schedules post-exit.
  • Government should ensure negotiations on UK's WTO position sequenced with EU.
  • DTI should give full account of legislative and administrative preparations taken.
  • UK-EU FTA should seek to reproduce the right of establishment and passporting.
  • Government should be clearer about dispute-resolution mechanism to be in FTA.
  • Should also set out as clearly as possible UK position if trading under WTO only.
  • Secretary of State will inform committee of progress on negotiating global FTAs.
  • UKP Foreign Affairs Committee
  • On Mar, 12, 2017, UKP foreign affairs panel said needed plan in case no EU deal.
  • Negotiation could stall or be derailed and the two years could end with no deal.
  • Regulatory gap and legal uncertainty, in areas not covered by Great Repeal Bill.

Regulators UKP
Entity Types Bank; Corp
Reference Rp, PR, 3/12/2017, Rp, PR, 3/08/2017, Brexit
Functions Legal; Operations
Countries United Kingdom
Products Banking; Corporate; Fund Mgt; Wealth Mgt
Regions EMEA
Rule Type Guidance
Rule Date 3/8/2017
Effective Date 3/8/2017
Rule Id 31371
Linked to N/A
Report Issue 3/15/2017
Report Section UK

Last substantive update on 03/08/2017