The end of the transition period, 31 December 2020, is now very clearly on the horizon. The likelihood of any agreement in respect of financial services, whether as part of an overall free trade agreement or as one of a suite of agreements covering various sectors, seems increasingly remote as each day passes.
Preparations should therefore be underway for a no-deal outcome and previously prepared Brexit contingency plans should be reviewed and refreshed with this mind. In order to assist our clients, we have a prepared a checklist of the relevant items / actions to be considered in the coming weeks in order to ensure that they are best prepared to deal with the a no-deal outcome and experience as little disruption as possible to their businesses in terms of factors that are within their control.