Brexit: Latest Updates -

Private banks are currently going through a process of assessing the changes that need to be made to their systems and controls, in addition to client facing documentation, to facilitate the onshoring of EU financial services regulations into UK law (for example MiFID II, EMIR, BMR, UCITS, AIFMD, and MAR) by the end of the Brexit transition period (and assuming the UK exits the EU without a deal on 1 January 2021).