Brexit Checklist- Regulatory Regimes

Date: 29/08/2018
Author: Nicole Strickland
Company: GMCC

To help businesses consider the changes that might happen following Brexit, the British Chambers of Commerce (BCC) have developed a Business Brexit Checklist. This checklist aims to provide support to companies at both operational and board levels.

Although the European Union and the UK have not yet reached a final agreement, there are a few steps that companies can already start undertaking to plan ahead.

Over the coming weeks we will be focusing on things to look out for to get your business ready for Brexit.

Regulatory Regimes

When the UK leaves the EU, it is unclear whether UK regulators will be able to provide licences for the EU market. It is also unclear if notified bodies in the UK can conduct conformity assessment checks on goods destined for the EU market. It’s important to keep up to date with sector news as some sectors may end up staying part of the EU regulator regimes, whereas other sectors may leave.

It may also be the case that companies will need to set up completely different supply chains and production lines if their goods are being supplied for the UK and the EU based on the governing regulatory regimes.

It is good to think about which regulatory agencies you currently work with and ask them how they are preparing for Brexit, as you may need to find new regulatory agencies in Europe. For example, Europe’s chemical regulation, Reach, has onerous and non-negotiable compliance procedures, including requirements to have substances registered by an operator established in the EU. It’s advised you consider what steps might you need to take to comply with separate UK and EU regulators in the future.

If you’re concerned about any of the above or if you have any questions, please get in touch