- MP’s reject May’s withdrawal agreement – what happens next…(BBC)
May’s deal was rejected by 344 votes to 286 and the Government has therefore lost the EU’s deadline to delay Brexit until 22 May. Next steps:
- Monday, 1 April: MPs hold another set of votes on various Brexit options to see if they can agree on a way forward
- Wednesday, 10 April: Emergency summit of EU leaders to consider any UK request for further extension-
- 23-26 May: European Parliamentary elections
- Friday, 12 April: Brexit day, if UK does not seek/EU does not grant further delay
- Wednesday, 3 April: Potentially another round of so-called “indicative votes”
2. US and UK markets regulators to co-operate in a no-deal Brexit (FT)
- Two agreements have been finalised to govern the oversight of markets and the fund management industry in the event of a no-deal Brexit.
- The Financial Conduct Authority and Securities and Exchange Commission will share information and co-operate in respect of derivatives reporting, credit rating agencies and fund managers.
- The two agreements are updated versions of existing agreements from 2006 and 2013 and will come into force when the UK leaves the EU.