jw01
Posts: 62 
Likes: 21
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Post by jw01 on Jul 23, 2018 11:10:08 GMT
Will the UK leaving the EU next year impact (a) new investors, (b) new investments by existing investors and (c) existing investments?
Presumably the platforms are planning for this.
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Post by glensm on Jul 24, 2018 7:53:17 GMT
a) no one knows
b) no one knows
c) no one knows
The tax treaties are not EU dependent so they should be OK, but the ability of banks etc to transact in € is, according to currently statements, likely to be impacted, likely significantly.
Preferably Parliament would get off its collective arse and make a decision. "Take back control" as they are so fond of saying.
Allegedly we will have some clarity sometime in the autumn.
The 21 month transition period should provide some stability but even that's in doubt at the moment.
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Post by mrclondon on Jul 25, 2018 12:24:41 GMT
Yesterday the FCA published updated guidance for EU/EEA companies who currently make use of the financial services passporting arrangements to operate in the UK
The bottom line is all EU/EEA companies will (probably, subject to government policy U turns) need to seek FCA approval to operate in the UK, but there will be temporary interim permissions to cover whilst applications for approval are evaluated.
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