Asset managers are negotiating "uncharted waters" in the wake of the UK's decision to leave the European Union, with key questions surrounding fund domiciles, MiFID II requirements, and whether groups need to bolster their European presence to distribute on the continent, still up in the air.
Although fund providers M&G Investments and Columbia Threadneedle have outlined plans to boost their operations in Dublin and Luxembourg respectively, Investment Week understands the majority of firms are yet to make a move. They are resisting any knee-jerk reactions at this stage as there is still a high level of uncertainty on post-Brexit regulatory requirements. These are unlikely to be clarified soon as the UK is far off activating Article 50 of the Lisbon Treaty to negotiate its departure from the bloc. However, regulatory experts have warned the implications of these chang...
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