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<p>The government is working to ensure continuity of cross-border contracts in all
financial services sectors, including insurance. Much of the detail of the arrangements
remains a matter for the negotiation process.</p><p>However, on 20 December 2017 the
government announced that, if necessary, it will bring forward secondary legislation
which will enable European Economic Area (EEA) firms and funds operating in the UK
to obtain a “temporary permission” to continue their activities in the UK for a limited
period after EU withdrawal.</p><p>Alongside the temporary permissions regime, the
government will also bring forward secondary legislation, if necessary, to ensure
that contractual obligations such as insurance contracts which are not covered by
the regime can continue to be met.</p>
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