Following the UK's withdrawal agreement from the European Union (EU), in January 2020 (Brexit), a transitional regime will apply until 31 December 2020. During this transitional period, the United Kingdom, although is not an EU Member State, has been still applying EU law.
To address the impact of Brexit on European financial markets and their participants, the European Securities and Markets Authority is working in close collaboration with the competent authorities - members as part of its mission to protect investors and financial market stability under supervisory convergence, in order to ensure the smooth transition to the new regime from 1/1/2021. To this end, it has prepared statements on individual issues related to Brexit. Similarly, the International Organisation of Securities Commissions (IOSCO) has compiled and posted in its website national legislation and other related measures taken by its members on Brexit.
The Hellenic Capital Market Commission monitors developments and is in contact with the relevant competent authorities of the EU Member States as well as the respective authorities of the United Kingdom, and with the United Kingdom companies operating in Greece, which should reconsider how they shall operate in Greece from 1/1/2021 and, unless there is an agreement between the EU and the UK or other special legislation, take into account the provisions applicable to companies originated from third countries.