Since the results of the European membership referendum on June 23, 2016, asset managers have been keeping a close watch on its effect on the financial markets and have begun to consider whether resulting changes in regulation will require them to implement changes to their existing compliance procedures or engage in a larger scale restructuring of their businesses.
Our goal with this article is to provide asset managers with the current state of Brexit so that they can continue to assess its potential impact on their businesses. Importantly, Brexit and the penumbra of related issues are still changing and developing as the global financial markets continue to deal with significant levels of political uncertainty, as was most recently illustrated by the US presidential election.