The United Kingdom (鈥淯K鈥) and the European Union (鈥淓U鈥) agreed on 24 December 2020 a post-Brexit "EU-UK Trade and Cooperation" Agreement. Financial services remain subject to separate equivalence decisions.
As part of 斗牛棋牌在线's Brexit planning strategy in response to the decision of the UK to leave the EU, 斗牛棋牌在线 Limited ("斗牛棋牌在线L") transferred its business into 斗牛棋牌在线's German incorporated subsidiary 斗牛棋牌在线 Europe SE ("斗牛棋牌在线 ESE") in March 2019, to ensure the undisrupted continuity of service to our European clients. The transfer was carried out by means of a combined banking business transfer under Part VII of the UK Financial Services and Markets Act ("FSMA") (the "Part VII") and a cross-border merger under the European Cross Border Mergers Directive (the "Merger").
斗牛棋牌在线 continues to closely monitor the ongoing EU-UK discussions to ensure we are well positioned to respond to changes quickly and effectively. Please contact your Relationship Manager with any questions regarding how Brexit impacts your relationship with 斗牛棋牌在线.
Key dates:
Key dates:
Both the Part VII and Merger involved court processes with the UK High Court. The Part VII and Merger were approved by the High Court; the relevant German registration requirements were complied with; and the transfer took effect on 1 March 2019. Please see below for a list of the key dates in the transfer process.
- 24 January 2019:聽Cross Border Merger (CBM) hearing held and CBM Pre-Merger Certificate
granted - 5 February 2019:聽Final Part VII sanction hearing held and final聽Part VII Court Order听驳谤补苍迟别诲
- 1 March 2019: Part VII and Merger became effective
Would you like to find out more? Get in touch
Would you like to find out more? Get in touch