The chair of the European Securities and Markets Authority has written to the European Commission asking for clarity on the extent to which UK-based hedge funds and private equity firms can run funds — and take in money from investors — inside the EU after Brexit.
The 26-page letter comes as the UK’s post-EU transition period nears its end on 31 December, and with negotiations on a new ongoing relationship between the two still stalled, though due to restart on 19 August.
