PIMFA - Building personal financial futures
Brexit Bulletin - 18 March 2019
Dear <<First Name>>, Welcome to the first PIMFA Brexit Bulletin, a new fortnightly publication that aims to keep members up to date with the latest news and movements ahead of, and post, the UK's prospective exit from the European Union. As Deputy CEO, I want to ensure that our members continue to be fully informed on Brexit developments and are kept up-to-date with relevant news from both the EU and UK, including needed regulatory information when this becomes available. I will be sending regular updates providing you with our views and insight on the likely changes ahead and on the challenges presented by the Brexit and post-Brexit world. As your trade association we have been fully engaged in the Brexit process so far and have represented the views of our financial services sector both independently and as part of the many groups dealing with Brexit to which we belong. Since our successful Brexit Conference in November we have focused increasingly on the granular nitty gritty of what firms will have to do in the different EU jurisdictions to keep servicing their clients, culminating in commissioning detailed legal advice which any member willing to pay the fee involved can access. We are also in discussion with the FCA about a range of unresolved issues that may affect our firms, and have begun to examine the conditions set by an increasing number of EU member state national regulators on accessing retail investors, especially UK expatriates, in their jurisdictions. We will be reporting on our findings as time goes by. The UK Parliamentary situation will determine the immediate and perhaps longer term