Brexit day one readiness for European asset and fund managers
19 October 2019
We examine some of the ways in which a hard Brexit will affect the EU legal and regulatory obligations of EU asset and fund managers if there is a hard Brexit.
As we near a potential hard Brexit, UK, EU and international asset and fund managers continue to plan for the exit of the UK from the EU single market. From a legal and regulatory perspective, the primary order of change is the loss of passporting. In our experience EU firms are now generally well prepared for this.
This paper draws attention to a few of the major areas of change we have identified that will affect EU asset and fund managers, focusing on EU legal and regulatory obligations.