A session of “Les Midis de l’ALJB” was held on Tuesday 25 June 2019, at 12.15 pm at ING, 26, place de la Gare, L-2965 Luxembourg.
Mr Matt MORAN, Brexit and Insurance leader as well as Deputy Head of Advisory together with Mr Marc VONCKEN, Regulatory and Assurance Partner, both of PWC, were our guest speakers. They discussed the key commercial issues and legal consequences related to Brexit they frequently deal with in practice: How will banks, investment funds, insurance companies continue to distribute and service their products between the EU and the UK? How does the UK’s Temporary Permission Regime (“TPR”) and Financial Services Contracts Regime (“FSCR”) help? How do the Luxembourg Brexit laws dated 8 April 2019 help? Why did Brexiteers from the financial sector choose Luxembourg to set up shop? How will Brexit affect the competitiveness of Luxembourg’s financial sector? Which other questions should in-house counsels be able to answer?
The session was held in English. The 40-minute presentation was followed by a Q&A session.
Sandwiches and drinks were served after the presentation.