TheCityUK: Brexit and UK-Based financial and related professional services

12 January 2017

TheCityUK issued its key priorities for the UK-based financial and related professional services industry in the Brexit negotiations. The lobby dropped its demands for preserving 'passporting' rights and is now pushing for 'equivalence' deal as the simplest way to trade freely across EU countries.

The industry is engaging with the Government and policymakers to help deliver a smooth and orderly Brexit. It is critical that the UK maintains its global competitiveness following its exit from the EU and remains an attractive place to do business.

The priorities addressed in TheCityUK’s paper include:

• Clear and upfront transitional arrangements
• Access to domestic, EU and global talent
• Market access
• Issues effecting marketing and dealing
• Product standards
• Market infrastructure and regulatory frameworks
• Ensuring legal continuity

Full paper

Open Europe: If the UK’s financial services sector drops demands to keep the EU passport, the case for staying in the single market gets weaker

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