EisnerAmper Ireland | Brexit Support | Financial Services | EisnerAmper Ireland Ireland

Brexit

Decision Support Services

Facilitating UK financial services providers’ continued access to European passporting rights

Following the result of the UK’s EU referendum, credit institutions, insurers, investment managers and other UK-based financial services firms are considering how best to continue operating their business models in the UK while also ensuring they retain their access to the wider European marketplace.

Now that key decisions are being, or have already been, made, EisnerAmper Ireland’s financial services team are working with firms on the next stage of the process, being “how” to implement their decisions.  This is what we do every day.

While political negotiations are expected to extend over a 5 to 10 year period, prudent regulated entities will seek to implement their contingency plans to ensure customer continuity of service and maintain their balance sheet strength.  The most timely, effective and frictionless route to continue trading in the EU is to seek authorisation in another EU member state.  Depending on the type of financial service involved, the legislation is either already in place or en route and the passporting rights and related regulatory operational protocols are well established.

Retaining a base of operations in the UK, while establishing in Ireland as well, is seen by many firms as an optimal solution.

At EisnerAmper Ireland, we provide strategic advice and pragmatic operational support to UK firms making trade happen through their Irish base following the Brexit decision.  Our services include:

• Bringing firms together with a proven network of the necessary service providers to ensure a timely and seamless process of establishing operations;
• Advice and project management through all stages of the regulatory authorisation regime;
• Access to skilled, experienced executive and non-executive director networks;
• Company secretarial services;
• Tax services;
• Internal audit, compliance and risk management outsourcing solutions;
• Payroll services;
• Management accounting and financial reporting services.

For further information on how we help firms operationalise decisions please visit our International Trade market page.

Download our guide here: EisnerAmper – Brexit Guide