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ARTICLE · 22 JULY 2016

Global Registration Services – Market Update, Q2 2016

Maples Group
Maples Group
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Maples Group

Maples Group

The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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On 23 June 2016, the UK held a referendum whereby 51.9% of voters opted to leave the EU.

GlobalFinance and Banking
Emma Conaty
Emma Conaty
Dhivisha Jeena
Dhivisha Jeena
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BREXIT

The UK Votes to Leave the EU

On 23 June 2016, the UK held a referendum whereby 51.9% of voters opted to leave the EU. The UK will be in a position to commence exit negotiations with the EU once the new Prime Minister, Theresa May, invokes Article 50 of the Lisbon Treaty. This is a formal mechanism whereby up to 2 years of negotiations will be triggered. It is expected that Article 50 will not be invoked before the end of 2016, meaning that for the time being at least, there is no change to the status of the UCITS and AIFMD cross-border passporting regimes as they relate to the UK. 

We will continue to monitor developments and we are available to discuss any concerns you may have regarding your existing or future business. 

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