Agenda item

Report of the Director of Economic Development.

Members considered an update report of the Director of Economic Development on the International Regulatory Strategy Group (IRSG). The following comments were made.

·         The Chairman noted that, in the wake of Brexit, the existing workstreams were now largely irrelevant and it was evident that the UK had lost influence in Brussels.

·         The IRSG should now focus on influencing the post-Brexit regulatory environment.

·         The IRSG should adopt a ‘wait and see’ approach given that UK exit from the EU would take a number of years.