U.K. Finance Sector Seeks Clarity on Contracts During Brexit
A statue of former Prime Minister Winston Churchill casts a long shadow in front of the Houses of Parliament in London.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
The British finance industry urged the government to provide “early clarity” on whether contracts involving financial transactions will remain valid after Brexit.
In a report issued Thursday, the Association for Financial Markets in Europe said it’s important for the U.K. government to detail what a transition from the European Union after March 29, 2019, will look like.