Financial services organisations are urging advisers and their clients 'not to panic', and to ‘continue to abide by EU law until further notice', following the UK's vote to leave the EU and subsequent market uncertainty.
The vote in favour of the UK leaving the European Union (EU) has seen markets dive, the value of sterling slump, the prospect raised of a second referendum on Scottish independence and the resignation of prime minister David Cameron - all in the space of one morning. Despite these events, the overwhelming message from the financial services sector has been to continue as normal until new terms have been established between the UK and the EU. Such negotiations are likely to take a matter of years rather than months, with any changes to law taking place after this. The Financial Conduct...
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