Summary of Implications Leave vote to IoM extracted from CoMin's UK referendum on EU membership Implications for the Isle of Man Second Interim Report (April 2016)
Constitutional and legal effects Protocol 3 will fall away. The Protocol is attached to the UK’s Accession Treaty – and is not part of the EU Treaty itself. Article 50 of the Treaty sets out how a Member State can leave the EU, and allows for a two-year window within which the departing Member has to negotiate its ‘withdrawal agreement’ (although this can be extended).
It is anticipated that the UK’s ‘withdrawal agreement’ would set out its new relationship with the EU, but the UK Government has stated that this could take up to ten years to resolve. The Isle of Man’s underlying relationship with the Crown and the UK would not change.