Mr. Oliver Gilvarry:

While the United Kingdom is a member state of the European Union, the regulation stands and is applicable across all 28 member states. In theory, the decision could be made from a legal point of view on the night the EBA leaves. In reality, it is key to cause the least disruption for the authority to allow it to continue its work and retain key staff. It will have to be dealt with sooner rather than later, but I do not have a timeline. It is part of the negotiations.