13.It was expected that the House of Commons would vote on the withdrawal agreement on December 11, 2018, but faced with the prospect of defeat, the government decided, the day before the vote, to withdraw its request. The first “useful vote” did not take place until 15 January 2019, when the application for adoption of the agreement was rejected by 432 votes to 202. A second “smart vote” on 12 March also led to a defeat for the government, as did a third on 29 March. The UK has launched the formal process of withdrawal negotiations by formally announcing the European Council`s intention to leave the EU. January 29, 2019 – Here is the joint opinion of the signed law firms on the German regulatory position of brokers who, after a hard Brexit, continue to deal with counterparties of German-based broker-dealers (i.e. no transitional period, no equivalency decision for BRITISH investment firms in accordance with Article 47 of Regulation (EU) No 600/2014 (MiFI)). In this document, references to German brokers are all banks or dealers (including German branches of foreign companies) headquartered in Germany and operated companies that carry out regulated investment service or commercial activity on their own behalf (own account and own account transactions). References to Bro Ker`s UK traders similarly mean any bank or broker (including UK branches of non-British companies) that are established in the United Kingdom and operate from the UK and operate regulated investment services or activities with a German broker. 7.In summer of 2017, the two sides agreed on the order of negotiations.
They would first look at exit, starting with three specific areas arising from the UK`s exit: the protection of civil rights after Brexit, the financial settlement and issues related to the border between Ireland and Northern Ireland. They also agreed that “sufficient progress” was needed on these withdrawal issues before discussions could be initiated on the second element of Article 50, namely the framework for future relations between the EU and the UK. After the adoption by the British House of Lords on 22 January of the European Union Withdrawal Agreement Act, the bill received royal approval from the Queen. The European Parliament approved the agreement on 29 January. 6.Am 29 March 2017, the then Prime Minister, Prime Minister Hon Theresa May, informed the European Council of the UK`s intention to withdraw from the European Union in accordance with Article 50 of the Treaty on European Union (TEU). Article 50 stipulates that the European Union should, within two years, “negotiate and conclude an agreement with [the exit state] defining the terms of its withdrawal taking into account the framework of its future relations with the Union.” It also includes a transition period and an overview of the future relationship between the UK and the EU. It was published on 14 November 2018 and was the result of the Brexit negotiations. The agreement was approved by the heads of state and government of the other 27 EU countries and by the British government led by Prime Minister Theresa May, but it faced opposition from the British Parliament, which needed approval for ratification.