How to provide financial services in key European jurisdictions
Now that the UK has voted to leave the EU, the implications for the UK’s financial services industry are significant. Much will depend on the exact terms concluded by the UK with the EU in connection with its exit. Nevertheless, a number of legislative and regulatory changes for financial services firms in the UK will follow the Brexit. These changes will require firms to consider how their businesses are structured and, assuming relevant EU passports cease to be available, how they will continue to provide services and market products cross-border into the EU.
We have created a series of guides, designed to help you understand the benefits and drawbacks of setting up your business in key European jurisdictions. We provide a summary of the key issues and processes involved in setting up in France, Germany, Ireland, Italy, Luxembourg, The Netherlands, and Spain.
Simmons & Simmons has a team of experts, skilled in assisting clients with achieving the correct authorisation to establish their businesses across Europe. We use a series of tools to help streamline the process, making it as efficient, but cost-effective as possible.
This page will be updated with additional resources as the negotiations between the UK and the EU develop, and the resulting legislative developments unfold.
How to set up a new MiFID firm in
How to set up a new bank in
How to set up a new AIFM in
- Map 1 Today with EU MiFID/CDR passport (cross-border dealing and RTO)
- Map 2 Post-Brexit without EU MiFID/CDR passport (cross-border dealing and RTO)
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.