Bloomberg has managed to get a copy of the.......>

UK: Bloomberg has managed to get a copy of the UK's draft text on the

transitional period that is up for discussion with the EU. The guidelines

suggests the UK may want a longer transitional period than the current end date

of Dec 31, 2019 stipulated by the EU. It states:

* "The UK believes the period's duration should be determined simply by how long

it will take to prepare and implement the new processes and new systems that

will underpin the future partnership. The UK agrees this points to a period of

around 2-years, but wishes to discuss with the EU the assessment that supports

its proposed den date".