EU firms passporting to run till 2022 in event of no-deal
Backstop plan proposes that in the event of no Brexit transition period passporting rules will continue for further three years
UK regulator tells firms to prep for ‘no deal’ Brexit
Britain’s Financial Conduct Authority (FCA) has told regulated firms in the country to prepare for the UK to crash out of the European Union with a “no deal” Brexit.
Industry ramps up relocation plans as Brexit nears
Luxembourg and Ireland top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to State Street survey.
Columbia Threadneedle to move EU client assets ahead of Brexit
Columbia Threadneedle Investments has launched 13 Sicav versions of Oeics ahead of the UK’s exit from the European Union as the asset manager prepares to switch EU-based investors out of its UK-domiciled range into Luxembourg-domiciled alternatives.
Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.