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Alternative Market Briefing

Laven to shift post-Brexit solutions

Tuesday, November 03, 2020

amb
Jerome Lussan
B. G., Opalesque Geneva:

UK-based investment managers will lose access to the European Economic Area (EEA) at the end of the year when Brexit is enacted, whether under MiFID, AIFMD, or UCITS passports. Even if there's a last-minute deal, says Laven Group, a London-based regulatory compliance solutions shop, in a report posted on October 29th, it may not cover the passporting of financial services.

The firm has been focusing for the past three years on solutions for UK entities that would be comprehensive and within MiFID (a European regulation that increases the transparency across the European Union (EU)'s financial markets and standardises the regulatory disclosures required for firms operating in the EU).

But the firm has had to review its position and from now on, it says, it will only work to help clients to find a solution that works for them. "We believe that with further developments, there will not be a panacea for all clients." Laven's clients include......................

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