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Brexit: has Parliament blocked a "no-deal" exit?

04 Apr 2019
On 3 April the EU (Withdrawal) (No 5) Bill completed its House of Commons stages in a debate crammed into just over four hours. The Bill narrowly avoided rejection, clearing its second reading with a majority of five votes. At the end of a fractious debate, the Bill was approved at a third reading by just one vote. The Bill imposes a duty on the Prime Minister to seek a further extension to the UK's Article 50 notice period if that is required to avert a "no deal" Brexit. However, it is not yet law, and must successfully navigate its passage through the House of Lords and on to royal assent, probably by the end of 8 April, if it is to have any meaningful effect.
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Fund marketing and distribution: ducking the issue?

03 Apr 2019
It's been a few years since implementation of the AIFMD and the times when barely any regulatory update would not mention distribution of investment funds. Has the industry got to grips with the requirements? How have those who establish and market funds from the UK adapted to the rules? How are they dealing with the differing demands of the AIFMD and FSMA? In this article, written for and originally published in Compliance Monitor (and updated in March 2019), Emma Radmore and Barry Stimpson of Womble Bond Dickinson (UK) LLP outline the key regulatory considerations and the practicalities of a marketing strategy.
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GMP Equalisation: where are we now?

01 Apr 2019
With the High Court judgment in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc and others (Lloyds) now several months behind us, this article summarises the developments since the judgment and considers the next steps for trustees and employers of affected pension plans.
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Brexit: new UK product safety mark or CE mark, or both? Update on no-deal legislation

01 Apr 2019
The draft legislation implementing the new requirements for currently CE-marked products, titled The Product Safety and Metrology (Amendment etc.) (EU Exit) Regulations 2019, was issued in February and passed by Parliament on 20 March. The mammoth piece of legislation encompasses no less than 38 pieces of affected legislation, with Part 3 covering the amendments to the product safety regulations, encompassing all CE marked products with certain exceptions including pharmaceutical products and medical devices, and construction products. The Regulations will only take effect in the event of the UK exiting the EU without a deal.
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WBD Insights 2019

Check out what insights we have coming up at WBD in 2019.