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Brexit definition

What does Brexit mean? Brexit is the practical shorthand in legal drafting and advice for the United Kingdom’s withdrawal from the European Union and the legal, regulatory and trading changes flowing from it. It covers the UK’s cessation of EU membership on exit day (31 January 2020) and the cessation of the EEA Agreement’s application, the end of the implementation/transition period on IP completion day (31 December 2020), and the commencement, expiry or variation of post‑withdrawal trading and regulatory arrangements, including the UK‑EU Trade and Cooperation Agreement, the Windsor Framework (amending the Northern Ireland Protocol), and UK agreements with third countries...

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UK post-Brexit e-commerce in financial services: E-Commerce Exit Regulations 2019, revocation of RAO Article 72A, run-off regimes, TPR/FSCR, and FCA temporary transitional powers - quick guide

Practice notes
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This quick guide to e-commerce and financial services outlines current UK law and retained EU law on financial services e-commerce obligations that were changed and/or cancelled by the Electronic Commerce and Solvency 2 (amendment etc.) (EU exit) Regulations 2019, SI 2019/1361 (the E-Commerce Exit Regulations), together with other measures made at the end of the implementation period after the UK’s withdrawal from the EU. The summary below explains the brexit arrangements for onshoring EU rules applicable to e-commerce financial services providers following Brexit.

Overview of onshored and preserved EU-derived law post-IP completion day

The E-Commerce Exit Regulations 2019 were laid on 25 March 2019. They sit within HM Treasury’s programme of statutory instruments under the European Union (Withdrawal) Act 2018 EU(W)A 2018, addressing contingency planning for a ‘no deal’ Brexit. These Regulations contribute to domesticating EU law so that legal continuity is maintained at the moment the UK leaves the EU. EU(W)A 2018 ‘onshores’ and keeps in force most EU and EU-derived legislation as it existed immediately before the UK’s departure. EU(W)A 2018 was later amended by the European Union (Withdrawal Agreement) Act 2020, which provides for the ratification and implementation within the above legislative framework in UK law domestically...

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Web page updated on 22/05/2026

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