Brexit is affecting financial services in the UK and Europe. Once the Transition Period ends on the 31st of December 2020, passporting firms, from the UK to Europe and from the EU into the UK, will lose access to the single financial services market.
Over the last several months, Complyport has been having Brexit consultation meetings with a number of financial services firms across the UK and EU. In these calls, we have answered questions on issues such as equivalency post-Brexit to employment concerns, business interruption and more.
As part of our ongoing service to the financial services industry, we produced a survey to a subset of the industry. We are proud to announce today that the Complyport Financial Services Brexit Report 2020 is available on the link below, ready to be downloaded, read and shared.
We would like to thank our partners, J7 Communications, Haysmacintyre, MAP Fintech, the London Governance & Compliance Academy and the European Institute of Management & Finance for their help and support in getting this report ready.
Complyport’s awarded specialist regulatory and compliance consulting teams are on standby to assist with any Brexit queries. Please contact us to if you need support.
Our teams advise on how Brexit will be affecting Investment Advisers, Investment Funds (AIFs and UCITS), Alternative Investment Fund Managers, UCITS Management Companies, Payment Institutions (PI) and Electronic Money Institutions (EMI), Administrative Services Providers, Credit Institutions, Insurance and Mortgage Intermediaries, Wealth Managers, Retail investment Advisers, Discretionary Investment Managers, Banks and Insurance firms. Specifically relating to Insurance firms, Complyport can help provide advice to Lloyds of London brokerages and member firms as well.