Will Brexit benefit or impede asset managers?

  • Passporting for funds from the UK to other EU countries has ended; firms now need to have controls in place to market funds across the EU with an alternate option like registering the fund for sale in the specific EU member state or to go through the National Private Placement Regime (NPPR).
  • Firms would need to relook at secondment agreements with the ECB; when an employee moves from the UK to the EU, they must ensure they meet secondment requirements such as proof of travel and use of office space
  • Asset management firms need to look at ways in which they can work with regulators in the EU to market UK UCITS funds in the EU without impacting business

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/