More than three years after the initial referendum to decide whether or not the UK should remain part of the European Union (EU), and around one year since the original deadline to leave was set, the UK finally left the EU on 31 January 2020.

Anyone in the UK or Europe expecting significant and immediate change after Brexit however, would have been left most disappointed. There is a transition period until the end of December 2020 when all EU rules still apply in the UK. This means there remains much to discuss, especially in terms of Financial Services (FS) and how issues such as passporting will be addressed in the long-term.