On September 30, 2019, the presidency of the Council of Ministers approved Decree Law no. 147/2019, containing a package of contingency measures to be put in place in the event of the UK departure's from the European Union without a deal.
The document recitals acknowledge the risks posed by a no-deal Brexit in relation to the continuity of services carried out by certain entities currently providing services in Europe under a passporting regime. In response, the decree establishes a transitional regime valid up to December 31, 2020.
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