The post below summarises the latest Brexit developments related
to asset management.
Statutory Instrument on cross-border distribution
The Cross-Border Distribution of Funds, Proxy Advisors,
Prospectus and Gibraltar (Amendment) (EU Exit) Regulations 2019
(with explanatory memorandum) which remedies certain
deficiencies in retained EU law and UK domestic legislation arising
as a result of the UK's withdrawal from the EU, has been made.
European Scrutiny Committee First Report of Session
2019-20
The House of Commons European Scrutiny Committee has published its First Report of Session 2019-20
considering, among other matters, UK access to the EU markets in
financial services after Brexit. In its report, the Committee
expresses concern about the trade-offs inherent in relying on
equivalence as the basis for the UK's access to EU markets in
financial services. The Committee has asked HM Treasury (HMT) to
confirm whether the Government still intends to seek
