Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

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...

Post-Brexit UK Capital Requirements Regulation (CRR) and CRR II: retained law, onshored binding technical standards, statutory instrument amendments and regulator power transfers from 1 January 2021 (Archived)

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Practice notes

ARCHIVED: This Practice Note has been archived and is not maintained.

For updates on the CRR in the EU and UK post-brexit, including matters outlined in this Practice Note, consult the following Practice Notes:

EU CRD IV package—essentials
UK Capital Requirements Regulation (UK CRR)—technical standards [Archived]
The EU banking package—CRD V, CRR II, BRRD II and SRMR II
The UK prudential regime for banks, building societies and systemically important investment firms
FLASHCARD—EU CRR III, CRD VI and the ‘daisy chain’ proposal

This Quick Look Brexit Financial Services Legislation Status Guide sets out high-level information on the position of the Capital Requirements Regulation (EU) 575/2013 (the EU CRR), and its amending Regulation (EU) 2019/876 (EU CRR II), within UK law from 1 January 2021.

For a concise overview of Brexit’s effect on prudential supervision and the EU CRR, see Practice Note: Impact of Brexit: CRR and prudential regulation—quick guide [Archived].

For headline details on the coronavirus (COVID)-related adjustments to the EU CRR and EU CRR II introduced by Regulation (EU) 2020/873 (OJ L 204/4) as part of the targeted EU banking package responding to the pandemic, see Practice Note: Quick...

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Web page updated on 10/06/2026

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