On 23 June, the UK government announced its intention to convert the existing body of EU legislation into British law and has now issued some more detailed proposals.

As Brexit day looms regulatory divergence between the European Union and the UK is now on the table following the UK HM Treasury’s move to improve the functioning of the packaged retail investment and insurance-based products (Priips) regime in the country. The UK will exit the transition arrangements it has with the EU at the end of 2020. As the media has covered extensively, the fate of the future relationship between the UK and EU remains very unclear with daily changes as we approach