"Today's announcement that a deal has been reached is good news for the millions of British and European savers and investors who rely on the investment management industry and is a welcome first step in defining the future relationship between the UK and the EU...
Commenting on the UK-EU Brexit trade deal, Chris Cummings, CEO of the Investment Association, said:
Given the
economic impact of the coronavirus, it is essential that governments
focus on growth orientated policies that support a swift recovery. The
investment management industry has a central role in helping to turn the
savings of millions of people into investments that companies now
urgently need. The best way to unleash this potential is for the EU to
recognise the UK's regulatory regime as being equivalent to its own and
minimise any further disruption in the market."
© Investment Association
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