What the CAA will do and what people speculate that they will do is just that . A UK EASA Licence that next week is not recognised in The EU / DGAG but their EASA licence is recognised by the CAA is an imbalance and the CAA have the authority to make them the same unless I have mis read the section . I expect unless the DGAC / EASA concedes then all EASA licenses flying G reg will have to re apply for a CAA license and swop back . Just speculation like many other posters .