UK:
Brexit For Asset Managers And Fund Managers – Don't Panic, It May Not Be As Bad As It At First Appears!
12 July 2016
Reed Smith (Worldwide)
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UK regulated fund managers and asset managers should bear in
mind that, while the Brexit vote has occurred, this does not bind
the UK Parliament. As of the date of writing (12 July 2016), the
process of withdrawal under Article 50 of the Lisbon Treaty has not
yet started. Although the timetable for withdrawal under Article 50
limits negotiations to two years, this may be extended by
agreement. During this hiatus period, it will be business as usual
because the UK will remain a member state of the EU.
There are three potential options for the future relationship
between the UK and the EU. Please read our
Client Alert on reedsmith.com.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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