Europe > Beyond Brexit
03 Nov '16

Executive Summary

Earlier today, the High Court of Justice ruled that the U.K. government does not have the constitutional capacity to trigger the U.K.'s withdrawal from the European Union without further primary legislation being passed. This decision is likely to delay, potentially significantly, the filing of the U.K.'s Article 50 notice with the European Council, further extending the uncertainty over the timing and the terms of the U.K.'s exit from the European Union (“EU”).

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04 Jul '16

The EU Market Abuse Regulation (MAR), which came into effect across the EU on July 3, is a timely reminder in the aftermath of the UK’s Brexit referendum, that, for the time being at least, the UK remains a member of the European Union and that EU financial services legislation continues to have effect.

As an EU regulation, MAR has direct effect in each member state of the EU. MAR will apply in the UK for so long as it remains a member of the EU (and potentially may continue to apply in the event of a negotiated “soft-Brexit”).

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28 Jun '16

The implications of the Brexit referendum are likely to be profound for the investment management industry. Please click here to listen to a presentation, delivered via conference call, by Akin Gump Strauss Hauer & Feld LLP’s UK/EU investment management and financial regulatory teams on which they discussed the immediate ramifications of the referendum and provided a roundup of the constitutional, legal, market and regulatory announcements made in the hours following the announcement of the result.

The speakers on the call are:  

  • Christopher Leonard, partner, financial services regulatory practice
  • Ian Meade, partner, investment management practice
  • Tim Pearce, partner, investment management practice.

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28 Jun '16

MiFID II’s Passport for “Third Countries” and the Possibility of Continued Access to the EU Market for UK Firms

The decision to hold a referendum as to whether the United Kingdom (UK) should remain a member of the European Union (EU) introduced the term “Brexit” into the global political lexicon. Now that the UK has voted to leave the EU, the term has spawned new variations: will the UK’s departure be a “soft-Brexit” or a “hard-Brexit”?

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24 Jun '16

The result of the UK’s referendum of 23 June 2016 was announced today as a victory for ‘Brexit’ - in other words, for the UK to exit the European Union.  This decision is expected to have significant ramifications for the future of the UK’s fiscal and tax policy.  We highlight below the key tax implications that are likely to be of particular significance to the investment funds industry, and the likely time frame for any changes.

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24 Jun '16

Akin Gump Strauss Hauer & Feld LLP is pleased to announce the launch of Beyond Brexit.

Beyond Brexit will serve as a knowledge hub to provide resources and information on the regulatory and policy impact of Brexit, the result of the EU Referendum.

As developments unfold, we will continue to provide key resources of interest to our clients. We encourage you to subscribe to Beyond Brexit to ensure that you do not miss any of our postings. If you would like to subscribe to receive email digests of our posts, please click here.

To follow us on Twitter, please click here or follow @BeyondBrexit.

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