Our position on Brexit

Under the latest extension to the Article 50 timetable the UK will continue to be a member of the EU until 31 January 2020. In the meantime a UK General Election will be held on Thursday 12 December with the aim of breaking the current political deadlock over the UK’s exit from the EU.

As a consequence the timing and terms of the UK’s withdrawal from the EU are unlikely to become clear until a new government is in place.

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 30 October 2019

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