Amongst the (many) uncertainties linked to Brexit, its potential restrictive impact on data transfers between the European Economic Area (EEA) and the UK was an important one for all businesses with cross-border activities.
In December last year the European Commission published its much anticipated draft Digital Markets Act.
On 1 January 2021, the UK left the EU’s Single Market and Customs Union. As a result, the UK has lost the rights and benefits it had as an EU-Member State and is no longer a party to the EU’s directives and regulations, such as IDD and Solvency II.
On 1 January 2021, the Brexit transition period came to an end and the United Kingdom (“UK”) officially left the European Union. The UK can now no longer enjoy the benefits of the internal market, and UK insurance undertakings and intermediaries will no longer benefit from a European passport.
On December 15, 2020, the European Commission (EC) presented its long-awaited proposal for a Digital Services Act (DSA), together with a proposal for a Digital Markets Act (DMA), which we discussed in a previous alert.
After the Brexit, UK financial service providers no longer benefit from their previous passporting rights. The recent Trade and Cooperation Agreement between the EU and the UK does not provide for an equivalence decision for financial services.
On December 15, 2020, the European Commission (EC) published its proposal for a Digital Markets Act (DMA). The proposal aims to promote fair and contestable markets in the digital sector.
On 3 December 2020, the Court of Justice of the European Union (“CJEU”) delivered its ruling in the case Star Taxi App (C-62/19). The case concerns the interpretation of the notion of “information society service” within the meaning of EU law and assesses the compatibility with EU law
On 24 December 2020, after months of negotiations, the United Kingdom (“UK”) and the European Union (“EU”) finally reached a post-Brexit deal. The new agreement, the Trade and Cooperation Agreement (“Agreement”)
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Since our last ezine on this topic, a lot has changed. On 15 December 2020 (initially announced for 2 December 2020), the European Commission has published two long awaited proposals for regulation:
