On 23 June 2016 UK voters will decide whether the UK remains within the European Union ("EU"). The decision is, of course, significant to each citizen of the UK but it is also of paramount importance to the financial services industry. This client alert analyses what a decision to remain in the EU would mean to the financial services industry given the new UK settlement achieved by the Prime Minister and set out in the European Council Conclusions of 18 and 19 February 2016. It also analyses what a decision to leave the EU could mean for the sector.
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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.