POL GVT Brexit Transition Period

On Aug. 12, POL GVT published Act on UK withdrawal from EU.

  • Issued Act of Jul. 19, 2019 on transitional period re UK withdrawal from EU/Euratom.
  • Follows May 21, POL PRL issued bill clarifying UK status during transition, see #60690.
  • Overview
  • The Act sets rules re potential entry into force of the UK Withdrawal Agreement from EU and Euratom, specifies that EU MS will mean also the UK during this time, etc.
  • Whenever separate provisions refer to an EU/Euratom during the transitional period referred to in art 126 of UK Withdrawal Agreement it shall also mean the UK (art 1).
  • The provision of art 1 shall not apply to provisions that implement derogations listed in art 127 paragraphs 1, 4, 5 and 7 of the UK Withdrawal Agreement from the EU.
  • The minister competent for membership of Poland in EU shall announce, in the official journal/Monitor Polski, the date of entry into force of UK Withdrawal Agreement.
  • Effectiveness
  • Act enters into force the day of entry into force of the UK Withdrawal Agreement.

Regulators POL GVT
Entity Types B/D; Bank; Corp; IA; Ins
Reference OG, 8/12/2019, Act, 7/19/2019; Brexit
Functions BCS; Compliance; Legal; Registration; Reporting
Countries European Union; Poland; United Kingdom
Products Banking; Corporate; Insurance; Securities
Regions EMEA
Rule Type Final
Rule Date 8/12/2019
Effective Date 8/12/2019
Rule Id 63809
Linked to Rule :60690
Report Issue 8/15/2019
Report Section EU

Last substantive update on 08/13/2019