A View on Brexit for Asset Managers
A great deal has happened – and has been written about – since the United Kingdom chose to leave the European Union on the 23 June 2016. Not only does the country have a new prime minister (and we now know that she believes that “Brexit means Brexit”) we also have seen and read the volume of pages that have been written regarding ideas on what structure and shape any future relationship may look like between the UK and the EU. From a legal perspective, in the coming months we are awaiting the Great Reform Bill which will set out the legal pathway for the transition of current EU legislation into the UK’s statute books. However, at present, we have no further clarity on the exact manner in which Britain’s exit from the EU will happen.