UK Prime Minister Theresa May has announced a "great repeal bill", which will repeal the European Communities Act 1972, and also—perhaps ironically—convert all EU regulations into British law. Future Parliaments would then have the opportunity to amend, improve or repeal such EU (eventually British) regulations as they see fit.
The Bill is likely to be put forward in May 2017, and would need to travel through its Parliamentary stages—and be enacted into law—before the UK leaves the EU (presumably in 2019).
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