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Brexit: Implications for ICMA members of the UK vote to leave the EU
Following the UK vote on 23 June to leave the EU, ICMA will work actively with all its members, large and small, sell side and buy side, through its Market Practice and Regulatory Policy Committees, Regional Committees and other Working Groups, as appropriate, to help them prepare for the international capital market implications of Brexit. ICMA’s mission continues to be the promotion of resilient and well-functioning international capital markets.

ICMA provides standard market documentation and guidance on market practices, which are widely adopted in many areas of the international capital markets. They may potentially need adjustment as the details of the UK’s withdrawal from the EU become clearer. ICMA will continue to review its standard market documentation and guidance in the light of future developments and will ensure they are amended as and when needed in consultation with our members.

As the markets adapt to the UK withdrawal from the EU, ICMA will continue to work with the authorities in the UK, the EU, the euro area and elsewhere, to ensure that our members’ views in the international capital markets are well represented.

ICMA will keep its members up to date with its assessment of relevant new developments: for example, through conference calls, round tables and other events, the ICMA Quarterly Report and the ICMA website. The ICMA Helpdesk and ICMA’s staff are available to answer members’ questions.

On 28 June 2016, ICMA held a briefing call for ICMA members on the implications for ICMA members of the UK vote to leave the EU. Click here for a recording of the call.

The UK vote to leave the EU: implications for capital market regulation
(From the ICMA Quarterly Report Third Quarter 2016 dated 12 July 2016)

European capital market integration post-Brexit: 27 September 2016


Further Information

Allen & Overy  http://www.allenovery.com/brexit

Ashurst 
https://www.ashurst.com/brexit

Bell Gully  https://www.bellgully.com/Brexit

Clifford Chance 
https://financialmarketstoolkit.cliffordchance.com/brexit

Freshfields  http://brexit.freshfields.com/

Herbert Smith  http://www.herbertsmithfreehills.com/brexit

KWM 
http://www.kwm.com/uk/brexit

Linklaters  http://www.linklaters.com/brexit

McCann FitzGerald  http://www.mccannfitzgerald.com/brexit

NautaDutilh  http://www.nautadutilh.com/brexit

Norton Rose  http://www.nortonrosefulbright.com/brexit

Ogier  http://www.ogier.com/brexit

Shearman & Sterling  http://www.shearman.com/brexit

Simmons & Simmons  http://www.elexica.com/brexit

Slaughter and May  https://www.slaughterandmay.com/brexit

Taylor Wessing  https://united-kingdom.taylorwessing.com/brexit


Official sector


Exiting the European Union: Ministerial statement to the House of Commons, 5 September 2016
www.gov.uk/government/organisations/department-for-exiting-the-european-union

Commission sets up Task Force led by Michel Barnier as Chief Negotiator for the Preparation and Conduct of the Negotiations with the United Kingdom, 14 September 2016.
http://europa.eu/rapid/press-release_IP-16-3016_en.htm


Contact

Paul Richards
Managing Director, Head of Market Practice and Regulatory Policy; Member of ICMA's Executive Committee  
Direct line: +44 20 7213 0315
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