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ARTICLE · 05 NOVEMBER 2019

Brexit Asset Management Update - October 22, 2019

Herbert Smith Freehills Kramer LLP
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The International Swaps and Derivatives Association (ISDA) has published a set of no-deal Brexit FAQs which provide a high-level summary of the key impacts of a no-deal Brexit on the OTC...

European UnionGovernment, Public Sector
Nigel Farr
Nigel Farr
Tim West
Tim West
Nish Dissanayake
Nish Dissanayake
Stephen Newby
Stephen Newby

The post below summarises the latest Brexit developments related to asset management.

ISDA publishes no-deal Brexit FAQs

The International Swaps and Derivatives Association (ISDA) has published a set of no-deal Brexit FAQs which provide a high-level summary of the key impacts of a no-deal Brexit on the OTC derivatives market and ISDA documentation.

FCA updates Brexit guidance on data sharing

The FCA has updated its webpage on preparing firms for Brexit to include further information on data sharing. The FCA advises that the UK Government has taken action to ensure that if the UK leaves the EU after 31 October with no deal, UK firms will continue to be able to legally send personal data from the UK to the EEA and 13 countries deemed adequate by the EU. The FCA notes that the position for transfers of personal data from the EEA to the UK has not been made clear.

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