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ARTICLE · 21 JULY 2016

Brexit & Financial Services: The Big Question

Reed Smith (Worldwide)
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The prospect of the UK leaving the EU has raised a host of questions for the financial services industry.

European UnionFinance and Banking
Chris Borg
Chris Borg
Robert Falkner
Robert Falkner
Brett Hillis
Brett Hillis
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The prospect of the UK leaving the EU has raised a host of questions for the financial services industry. This client alert is principally concerned with how firms in the UK may access the EU single market post Brexit without the need to establish an EU member state regulated firm. This alert does not, however, consider the particular issues which concern EU single market access for fund management. For a detailed analysis of EU single market access for fund managers, please see our previous client alert.

Q: Should firms continue with their EU regulatory implementation projects? Even without the added complication of Brexit, the industry has been labouring under the challenge of implementing a huge raft of regulatory reforms emanating from the EU:

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