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Impact of Brexit on cross-border payments during the transition period: Country overview

By Published On: May, 2020

Impact of Brexit on cross-border payments during the transition period: Country overview

Key Facts

  • The Brexit Withdrawal Agreement ensures that EU law will continue to apply during the transition period, until at least the 31st of December 2020.
  • With regards to domestic law, it is up for each Member State to decide how the local rules will be implemented during this period.

In the context of the United Kingdom leaving the European Union, the Brexit Withdrawal Agreement ensures that EU law will continue to apply during the transition period, until at least the 31st of December 2020. However, with regards to domestic law, it is up for each Member State to decide how the local rules will be implemented during this period.

The full document can be viewed here.

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