Market access: All eyes turn to equivalence question as Brexit deal is completed
Managers plea for clarity over passporting rights
The UK financial services industry is subject to 'third-country' rules and unable to freely sell funds into the EU
The agreement of a Brexit deal was welcomed by financial markets in late December as sterling and UK equities strengthened in response, but the bare bones deal leaves UK asset managers in the lurch as their access to European markets remains in question.
Around 80% of the UK economy is unaffected by the deal, which primarily covers goods, with the UK financial services industry now subject to 'third-country' rules and unable to freely sell funds into the...
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