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ARTICLE · 10 MAY 2024

Brexit Solution For Investment Services Providers

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Offering Brexit solutions for Investment Services Providers (ISPs), Dr Jane Nweike proposes a way forward for Investment Services Providers.

MaltaFinance and Banking
Jane Chinwe Nweike
Jane Chinwe Nweike
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Offering Brexit solutions for Investment Services Providers (ISPs), Dr Jane Nweike proposes a way forward for Investment Services Providers (ISPs). Dr Nweike proposes the Maltese financial services industry as an ideal playing field to invest in.

Introduction

BREXIT SOLUTION FOR INVESTMENT SERVICES PROVIDERS

From January 1, 2021, with the end of the transition period following the United Kingdom's (UK) withdrawal from the European Union (EU) (i.e. Brexit), the UK ceases to be part of the EU's single market.

As such, entities which, prior to Brexit, provided financial services from the UK to Malta and other countries in the EU by way of exercising their passporting rights stopped being able to continue rendering their services within the EU.

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