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Other Voices: UK private funds face Brexit challenges

Other Voices: UK private funds face Brexit challenges
Thursday, March 04, 2021
By: Elena Faloutsou, Greg Norman, Abigail Reeves - Skadden
The negotiations that culminated in the establishment of the Trade and Cooperation Agreement (TCA) at the end of 2020 concluded with no meaningful agreement in relation to the provision of financial services between the United Kingdom and the European Economic Area (EEA). For the private funds community operating in the UK, this result was disappointing but not unexpected. Private fund sponsors and managers have implemented different solutions since the 2016 Brexit referendum to address this outcome. In this article, we explore some of those solutions and what may follow now that the transition period has concluded.

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