Tangled up
The EU–UK Trade and Cooperation Agreement (TCA) is essentially a no-deal when it comes to financial services, and specifically private equity. After years of negotiation, the final deal focuses almost entirely on trading goods between the UK and the EU, with services being all but ignored.
After years of uncertainty caused by the Brexit negotiations, it was hoped that by this point - the start of 2021 - there would at least be some clarity over the way in which UK and European financial services firms would be able to interact with each other.
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