Brexit Update: Impact on Fund Managers from 1st January 2021 and Beyond | Proskauer Rose LLP
th December 2020, the UK and EU (together, the “ Parties”) announced a trade agreement that has since been approved by EU Member States and the UK Parliament (the EU Parliament will retrospectively approve it in January this year). The text of the treaty free trade agreement (the “ FTA”) can be found here. Whilst the FTA covers a number of aspects of the trading and cooperation relationship between the UK and EU, it does not cover financial services to any significant degree. The Parties agreed to a joint declaration on financial services (amongst other declarations) which confirms th...