Spain – Financial services: Measures to minimise the impact of a hard Brexit

Royal Decree-law 5/2019 of 1 March 2019 adopting contingency measures for the United Kingdom’s exit from the European Union without agreement under Article 50 of the Treaty on European Union was published in Spain’s official gazette on Saturday 3 March (the "RDL"). The measures in the RDL are an attempt to minimise the impact of the UK’s departure from the EU with two fundamental aims: (i) protecting Spanish and British citizens who exercise their right to free movement before the exit date; a