Clifford Chance

Spain introduces Post-Brexit rules for UK Financial Firms

3 February 2021

The Spanish government has published a new Royal Decree-Law aiming at protecting the interests of citizens and businesses who may be affected by the end of the transitional period on 31 December 2020 and the UK becoming a third country for all purposes as of 1 January 2021.

Among the measures included are some specifically related to the financial sector and financial entities that have been put in place in order to strengthen legal certainty and customer protection and to avoid any risk to financial stability.

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