Brexit

Brexit: The Impact on Your Marketing and Distribution Activities

With four months to go until the United Kingdom’s anticipated exit of the European Union, the world braces itself for the final ‘divorce’ arrangements to be agreed, and to understand the subsequent consequences of those decisions.  With questions still unanswered on how Brexit will impact investment firms, we examine possible marketing and distribution issues post-Brexit.

UK votes to leave EU: what happens now?

Yesterday (23 June 2016), the UK electorate voted by a small majority to leave the European Union. This result defied the predictions of most pollsters and the financial markets who had looked to a remain verdict in recent days. When the markets have calmed down, and the political dust settled, firms will want to start thinking about the long term implications to their businesses. In the next couple of months we at ACA Europe will be looking to engage with our clients in helping you with that process from a regulatory perspective.

ESMA advises on the possible extension of the AIFMD passport to twelve non-EU countries

The European Securities and Markets Authority (“ESMA”) yesterday published its advice on extending the AIFMD passport to twelve non-EU countries: Australia, Bermuda, Canada, Cayman Islands, Guernsey, Hong Kong, Japan, Jersey, Isle of Man, Singapore, Switzerland and the United States. In this alert we summarise the findings and attempt to draw some general conclusions about the future of marketing alternative investment funds (“AIFs”) within the EU.

The UK Votes to Leave the European Union: What Happens Now?

Yesterday, the UK electorate voted by a small majority to leave the European Union ("EU"). This result defied the predictions of most pollsters and the financial markets, which had anticipated a "stay" vote. When the markets have calmed down, and the political dust has settled, firms should start thinking about the vote's long-term implications for their businesses. In the next couple of months, we will engage with clients to help with that process from a regulatory perspective.