Payment services in the case of a Hard Brexit

Written on 11 Mar 2019

The uncertainty as to the outcome of the negotiations between the UK and the EU has led multiple States to consider the adoption of special rules to manage the issues that might arise after 29 March. In the financial services sector, there are over 300 operators with a UK licence that are currently carrying on business in Italy.

The attached document (Hard Brexit) illustrates what is currently happening in the main European jurisdictions in relation to the management by various governments of a no-deal scenario.