Hard Brexit: Considerations when Marketing Alternative Investment Funds

Summary

This current awareness article addresses common questions and concerns regarding the impact that Brexit has on the marketing of alternative investment funds in the EEA, should a "hard Brexit" occur. Hard Brexit is a scenario in which the UK fully exits the single market and leaves full access of the customs union along with its membership in the EU. In contrast, a "soft Brexit" would keep the UK’s access to the European single market (as part of the EEA) and remain within the EU customs union, meaning that there would be no border checks for UK exports, among other benefits. The UK has left the EU however it is currently in a transition period until 31 December 2020 pending a future deal being agreed with the EU.