The UK's decision to vote to leave the European Union in 2016 has had far-ranging consequences for Fintech firms both based in and those wishing to trade with the UK.
Normally UK regulated firms have been able to “passport” their regulation to other EU countries thereby allowing them to freely trade financial services and products.
The current position is that the EU’s chief Brexit negotiator Michel Barnier has made it clear that when the UK leaves the single market financial services firms based in Britain will lose "passporting" rights.
We have various solutions for UK companies wishing to continue trading with their European neighbours including regulatory options in Ireland, Frankfurt, Gibraltar, Amsterdam and Cyprus via our regulatory partner network and can advise which solution would work best for your requirements.
Conversely for mainland EU firms wishing to continue financial business with the UK we can provide a variety of cost effective methods to keep you regulated in the country. Regardless of the outcome we can help your firm prepare for which ever form Brexit takes.