Post-Brexit EU Fund Access For UK Managers - Everything's OK, Right?

One of the many Brexit impact questions UK asset managers are considering is whether, post-Brexit, they will be able to continue to manage their EU-domiciled funds.

In an Irish funds context alone, based on latest figures, UK based asset managers promote Irish authorised funds with asset levels of approximately US$636 billion. This represents more than 25% of all assets in Irish authorised funds and covers 1,283 funds/sub-funds across 173 different UK based promoter groups.

It is therefore imperative that arrangements are put in place, post-Brexit, to enable UK asset managers to continue to undertake portfolio management functions for Irish funds on a delegation basis.

At this stage we should be hearing some reassuring noises on the issue from the politicians and the regulators.