Our position on Brexit

Recent and ongoing political developments means there is a continuing lack of clarity over when the UK will leave the EU.

Under the latest extension to the Article 50 timetable the UK will remain a full member of the EU up to 31 October but will leave earlier if the House of Commons approves the proposed Withdrawal Agreement. This extension is subject to a number of conditions and it will be for the new UK Prime Minister, following the Conservative Party leadership contest, to determine the Government’s position in this regard.

As part of our Brexit planning we have considered a number of different exit scenarios, including the possibility of the UK leaving the EU without an agreed deal, and put in place arrangements to mitigate any potential disruption for our customers, clients and operations.

We will continue to follow the political process and review the arrangements we have put in place in the light of any major developments. As a global investment manager we have extensive experience of adapting to regulatory change and working across borders.

Our priority is to ensure we are in the best possible position to provide our customers and clients with continuity of service, regardless of the circumstances in which the UK may eventually leave the EU.

As at Wednesday 19 June 2019.

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