Are you prepared for a no-deal Brexit?
Contrary to common beliefs, a no-deal Brexit is not off the table. The UK parliament has passed legislation that rules out an extension of the transition period ending on 31 December 2020, and Prime Minister Boris Johnson has also said he will not sanction one.
Under a no-deal scenario, in order to access the EU single market, UK Asset and Wealth Managers will need to rely on third country equivalence provisions. Some (but not all!) member states have approved measures to provide transitional relief in the event of a no-deal Brexit or announced plans to do so. However, these would be interim in nature. Moreover, in comparison to passport rights, equivalence only offers limited access to the EU single market and can be unilaterally withdrawn by the European Commission.
ONE offers UK managers an effective way to ensure that they can continue to operate without passport rights after a no-deal Brexit.
Call us today!
We operate around the principle that if our people have a stake in the business, they will do a better job for our clients. We have a committed and stable team, as they see the benefit of long-term value creation through building long-standing relationships. We build value for clients, and their end customer.
You can have the best technology and the most efficient processes in the world, but if you don’t have the people to operate them, your business is worth very little. Thus, our biggest asset is our team of professional and passionate experts.
We operate next generation technology through a combination of in-house, and best in market solutions to deliver an impeccable service and use technology to excel in both service delivery and efficiency.
We delight in valued long-term partnerships with clients, team, industry partners and our stakeholders. We aim to work with clients who share our belief in the importance of building strong partnerships over time.
