The United Kingdom has now officially left the European Union. Given the eleven-month transition period to the end of 2020, very few people will notice any material changes. Removal of British MEPs from the European Parliament and British Citizens no longer being EU Citizens are a part of the significant legal and constitutional changes that are yet to have little impact on the ground.
Attention-grabbing headlines and extended uncertainty will dominate as the negotiations continue throughout 2020 and likely beyond. Whilst many political messages on both sides will be directed at domestic audiences, the risks remain real and the volatility of outcomes high.
A quick introduction into the 6 most likely outcomes of Brexit. What’s behind the scenarios commonly referred to as: Norway, Switzerland, Turkey, Canada, No-Deal, or No-Brexit?
Passporting, equivalence, mutual recognition or relocation – what are the options for City of London firms?
ESMA, the European Securities and Markets Authority, has signalled, that they will not accept non-EU fund managers to manage EU-funds. How will the loss of delegation rights affect business in the UK?
What are the Bank of England’s biggest concerns regarding the stability of the finance sector after Brexit? How will banks deal with the continuity of contracts, and with the processing of data under the conditions of GDPR?
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Avantage
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Avantage Reply has been assisting and advising clients in optimising their European and UK footprints in the build-up to Brexit and will continue to support clients as Brexit unfolds. With deep specialist expertise in cross-border Financial Services activity, close relationships with both regulators and supervisors, as well as a substantial long-term footprint across the UK and the EU, Avantage Reply is ideally placed to deliver solutions during this turbulent and uncertain process.
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