AFME has published a guide “How might wholesale financial services contracts be impacted by Brexit?: FAQs for Clients”. This guide, published in conjunction with Clifford Chance, is part of our ongoing work to provide insight on issues arising out of the UK’s withdrawal from the EU.
These Frequently Asked Questions (FAQs) are intended to assist clients of banks in understanding how their cross-border contractual relationships could be impacted by banks’ plans to adapt to Brexit, but may also be of broader interest to market participants, regulators and policymakers.
Issues covered include which clients may be in scope, how different types of contract may be affected, and consequential operational impacts that need to be considered.