ARTICLE · 27 JULY 2016

Brexit – Implications For Irish Investment Funds

Walkers

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Walkers

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As the UK's closest trading neighbour our economic interests in Ireland have always been closely aligned with those of the UK. It is therefore with regret and disappointment that we receive the results of the referendum of 23 June 2016.

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As the UK's closest trading neighbour our economic interests in Ireland have always been closely aligned with those of the UK. It is therefore with regret and disappointment that we receive the results of the referendum of 23 June 2016. The decision of the UK electorate to leave the European Union brings uncertainty and turbulence to the market. That turbulence, in turn, impacts those involved in the establishment and ongoing management of investment funds.

Walkers acts for a number of leading UK-based funds managers who have established investment funds in Ireland.

Since the result of the referendum we have been approached by a number of those UK managers over concerns on the potential impact of Brexit for their Irish regulated investments funds and for UK domiciled funds selling outside of the UK. These issues are considered below.

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