The implementation period is intended to operate from 29 March 2019 until the end of December 2020, during which time European Union law would remain applicable in the United Kingdom, in accordance with the withdrawal agreement. Firms and funds would continue to benefit from passporting between the UK and EEA during the implementation period. Obligations derived from EU law would continue to apply and firms must continue with implementation plans for EU legislation that is still to come into effect before the end of December 2020. Consumer rights and protections derived from EU law would also continue to apply.
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