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As is now well known, United Kingdom left the European Union in the context of the Brexit act early 2021. One of the main implications of the new regulation is that UK companies cannot anymore approach directly EU customers while doing their fund distribution businesses, unless they establish a branch in one of EU countries.
These players in the past years were deeply used to put in place distribution/placement agreements with fund houses without take care of finding a solution to market their product in Europe. In that perspective the workflows was easier and lighter. All these companies are now facing the current reality: they lost “overnight” the ability to deal directly with European customers and in many cases, at least temporarily, also the ties with even long...
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