On 29 March 2019, the Act Supplementing the Act on Tax-Related Provisions concerning the Withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union - the Brexit-Steuerbegleitgesetz ("Brexit-StBG") – shall enter into force. The Brexit-StBG is intended to "cushion" a 'no deal' Brexit for the financial markets. The government draft is currently being debated in the German Bundestag. According to the draft, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – "BaFin) can only allow "big players" in the banking and financial services sector to continue using their EU passport (in Germany) until 2020, but cannot allow the same for smaller companies. Following Brexit (the UK is currently expected to leave the EU on 29 March 2019), smaller companies will probably need a licence from BaFin in order to continue providing banking business or financial services in Germany.