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Any provisions for financial services contained in the Withdrawal agreement will fall if that agreement is not ratified. Some separate provisions may be enacted to overcome immediate legal issues with current transactions etc., but I doubt a far reaching deal will be reached without all of the issues covered by the Withdrawal Agreement being settled. Each country will have a veto on any deal after Brexit, and I can't see Ireland agreeing to anything until the border issue is sorted.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Aug 27th, 2019 at 10:34:59 AM EST
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The reality is UK status as third country viz. EU27.

Third country status is defined by provisions of TFEU and GATT 1994 wherever cited in the Withdrawal Agreement. International instruments to which UK and EU are parties will succeed "bi-lateral" terms of the WA.

Absent an act to revoke its A.50 and regardless of an act to ratify the Withdrawal Agreement (transition inclusive) or "flextesion" deadlines of the so-called (no) negotiation period, UK will finally convert to third country.

Accordingly, UK financial and banking services firms have been and are entering conforming private charters with EU/EC (espec. data sharing) and each EU27 nation-state (espec. tax regime) where they intend to domicile for purposes of business including but not limited to fiduciary obligations to UK gov financial settlement with EU gov outstanding.

Diversity is the key to economic and political evolution.

by Cat on Tue Aug 27th, 2019 at 03:42:01 PM EST
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