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More regulatory questions than answers following Brexit vote

Joe Mont | June 28, 2016

There are more questions than immediate answers following the “Brexit” vote, a decision that sees the United Kingdom leaving the unified Member States of the European Union. The vote was a nationwide referendum held on June 23, which posed the question of whether or not the United Kingdom should withdraw from the European Union. The campaigning on the vote was fierce, divisive, at times toxic and, throughout, too close to call.

The margin of Brexit victory was a slim one, with a 52 to 48 percent split. Although non-binding, it is expected that the United Kingdom will move forward, notify the European Council, and begin a process that will unfold during the next two years. British Prime Minister David Cameron has already announced he will step down from his post, amid a backdrop of spooked investors and plummeting stock markets around the world.

While the country has its own regulatory regimes, including policies set by the Bank of England and the U.K. Bribery Act of...

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