Brexit Update

3 February 2020

Brexit Update


After more than three years following the referendum in 2016, the United Kingdom (UK) officially left the European Union (EU) at 11 pm on 31 January 2020.

The Withdrawal Agreement was ratified by the UK and the EU and entered into force on 1 February 2020. As the UK enters an eleven months transitional period until 31 December 2020, the UK remains in the customs union and single market until the end of 2020, with an option to stay within these arrangements for a further two years.

During the transitional period, the UK government and the EU will start discussions on their future relationship arrangements. The Political Declaration, which forms part of the Withdrawal Agreement, provides for a June summit for assessing the progress of the negotiations. By 1 July 2020 the UK must decide whether an extension beyond December 2020 will be requested.

Providing services to EEA clients post Brexit

Walker Crips Investment Management Limited (WCIM) will continue to provide services and activities to its existing clients based in the European Economic Area (EEA) during the transitional period.

During this period, there will also not be any change to the protections and rights associated with financial products and/or services our existing clients hold.

Information about existing protections, eligibility and rights to access the Financial Services Compensation Scheme (FSCS) and Financial Ombudsman Services (FOS) is available in the Terms of Service and Business on our website.

Brexit Update

Important note

No news or research content is a recommendation to deal. It is important to remember that the value of investments and the income from them can go down as well as up, so you could get back less than you invest. If you have any doubts about the suitability of any investment for your circumstances, you should contact your financial advisor.

Walker Crips Investment Management Limited (WCIM) is a member of the London Stock Exchange and is Authorised and Regulated by the Financial Conduct Authority (FCA).

This website is solely for information and private circulation and does not constitute an offer to buy or sell shares in any company mentioned herein. References to Walker Crips refer to Walker Crips Investment Management Limited and/or other companies within Walker Crips Group plc. It is important to remember that the value of investments and the income from them can go down as well as up and investors may not realise the value of the initial investment. Recommendations may or may not be suitable for all recipients of this publication and if you have any doubts you should seek advice from your investment advisor. WCIM cannot accept responsibility for any losses which may be incurred by anyone acting on such recommendations. The value in sterling terms of foreign investments may rise or fall in response to currency fluctuations.

It must be noted that information concerning past performance is not a guide to future performance. In line with the FCA rules on conflicts of interest, investors should be aware that Walker Crips may have actual or potential conflicts of interest that could affect the objectivity and independence of their research. Where such conflicts exist it is Walker Crips’ policy to disclose them publicly. Principals and Associates of WCIM may have held a long term position in some of the stocks or shares mentioned herein. Consequently, in line with FCA Rules on conflicts of interest, WCIM research in these areas cannot be classified as impartial within the FCA’s definition and should not be relied upon as independent or objective. Prices and factual details are deemed to be correct at the time of publication but may change subsequently. The publication has been prepared with all reasonable care and is not knowingly misleading in whole or in part. Expressions of opinion are subject to change without notice.

Investors are strongly advised to consult with their own Broker / Account Executive to discuss risk levels and whether a particular investment is suitable for their financial circumstances.

Opinions expressed by individuals within this website does not necessarily represent the views of the Company.

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If you do not agree with the above statement and have questions about our service and products please contact us on 020 3100 8000.

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Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.

Walker Crips Group plc (Old Change House, 128 Queen Victoria Street, London EC4V 4BJ), registered in England, registered number 1432059, incorporates the following companies which are authorised and regulated by the Financial Conduct Authority: Walker Crips Investment Management Limited registered in England number 4774117 member of the London Stock Exchange, Walker Crips Wealth Management Limited registered in England number 3790291, Ebor Trustees Limited registered in England number 3514268, Barker Poland Asset Management LLP registered in England and Wales number OC341149.