Calls for transparency over EU talks on post-Brexit access
Fund industry representatives have called for greater transparency in discussions that could determine how accessible EU funds remain for UK GPs under a no-deal Brexit scenario.
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CBI building in Dublin. As of May 2018, 6,963 funds are domiciled in Ireland, representing an aggregate €2.5trn in net assets[/caption]
Kieran Fox, director at Irish Funds, said the industry needs more clarity around a process, reportedly led by European Securities and Markets Authority (ESMA), to draft up a deal the FCA could then ratify with Ireland and other countries to retain UK manager access to those jurisdictions.
CBI building in Dublin. As of May 2018, 6,963 funds are domiciled in Ireland, representing an aggregate €2.5trn in net assets[/caption]
Kieran Fox, director at Irish Funds, said the industry needs more clarity around a process, reportedly led by European Securities and Markets Authority (ESMA), to draft up a deal the FCA could then ratify with Ireland and other countries to retain UK manager access to those jurisdictions.Profile: