Only the ‘Norway Plus’ plan can save Brexit
By NICHOLAS BOLES From Financial Times If parliament blocks May’s deal, the European Economic Area offers an alternative In Westminster, everyone is hunting for a Brexit Plan B. Newspapers are full of reports of various minister meetings behind closed doors…
PRA and FCA clarify impact of Brexit transition for insurance sector
April 24 2018 | Contributed by Herbert Smith Freehills LLP From ILO Background to latest announcements What are the PRA and FCA saying now? PRA confirms approach to incoming branches and subsidiarisation Impact on services business Recent announcements made by…
After Brexit
By Julian Morris From Cayman Financial Review The U.K.’s decision to leave the EU marks a historic shift in the nation’s relationship not only with Europe but with the world. In the short-term, there will be costs to Brexit, as…
BoE reassures EU banks on post-Brexit restructuring
By Laura Noonan, Martin Arnold and James Shotter From Financial Times British regulators have told at least one major EU bank that it will not be forced to establish a separately capitalised UK subsidiary as a result of the…
MAPLES: ESMA advice suggests further deferral of AIFMD Passport for Third Countries
By Tim Clipstone, Jon Fowler, Jonathan Green, Philip Ireland, Barry McGrath, Peter Stapleton, Anthony Webster, Paul Govier, Tom Katsaros From Maples On 19 July 2016, the European Securities and Markets Authority (“ESMA”) delivered its latest advice (the “Advice”) to the…
Opt-in regimes introduced for EU AIFM Directive compliance
From International Law Office Introduction Ongoing developments in Europe in relation to EU investor access to non-EU alternative investment funds or EU alternative investment funds managed by non-EU managers have been the source of great debate, mainly as a result…
