Our position on Brexit

Recent political events – including the prorogation of parliament to 14 October, new legislation aimed at preventing a no deal Brexit and the likelihood of a snap General Election in the next few months – have created further uncertainty over when the UK will leave the EU and the terms of its departure.

While the Prime Minister is now required by law to request a further delay to the UK’s departure from 31 October to 31 January if he is unable to reach a new withdrawal agreement with the EU, the political outlook remains highly unpredictable and is likely to remain so for the foreseeable future.

As part of our Brexit planning we have considered a number of different Brexit 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 11 September 2019

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