IUA: Single market access is key Brexit concern

City of London

The trade body listed single market access as the primary concern for the London Market after Brexit followed by legal considerations, tax issues and uncertainty around the transition process. Members of the IUA's Legal and Regulatory Committee said that "it is vital to maintain existing freedoms for insurance services." The IUA have said that any trade agreement between the UK and EU should first preserve passporting and branching arrangements and recognise the equivalence of regulatory regimes