Private Bank Briefing: Issues Impacting the Private Bank Sector - July 2020

Latham & Watkins LLP

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).

Please see full Publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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