UK Withdrawal from the EU – Impact on UK and EU Private Equity Firms

15 July 2020
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Key takeaways:

  • There is less than six months until the end of the transition period provided for in the Withdrawal Agreement between the European Union and United Kingdom, at which point UK-based financial services firms will cease to benefit from the “passporting” rights conferred by EU law.
  • We discuss the regulatory consequences for UK- and EEA-based private equity and venture capital firms, including the FCA’s temporary permissions regime and longer-term plans for mutual market access.