Brexit preparations: advice letter to companies from Financial Reporting Council - Letter to firms: EU exit preparations


Mon, 16 Sep 2019

A letter, written in the context of ongoing preparations for the UK's exit from the EU, to Audit Committee Chairs and Finance Directors setting out some of the generic actions companies should consider in advance of Brexit. Covers areas including: determining whether employees need to apply to the EU Settlement Scheme; checking whether businesses may face additional legal, regulatory or administrative barriers as a result of the UK becoming a "third country" in the event of a "no deal" EU exit; ensuring suppliers and customers have considered the impact of, and are prepared for, the UK's exit; engaging with local chambers of commerce or business advisor and attending a Brexit Business Readiness event; and corporate reporting.




Category: Company Law »  Reporting; EC Law. Keyword(s): European Union membership; Withdrawal. Area(s) of law: Employment; Public Sector; Corporate and Commercial Law.
Source: Financial Reporting Council

 

This material is for information purposes only and does not constitute any form of advice or recommendation by us. You should not rely upon it in making any decisions or taking or refraining from taking any action. Please contact Brodies at mailbox@brodies.com if you would like us to advise you on any of the matters covered in this material.


Valid XHTML 1.0 Transitional  Valid CSS!

Free SSL Certificate