|5403||Brexit for Fund Directors: What You Need to Know||30||Jun||9:30AM||11:00AM||June||Thursday||1||2017||
This program will review the events leading up to the U.K. vote in 2016 to leave the European Union. It will also review the impact of the U.K.’s triggering of Article 50 (formal notice to quit) on March 29, 2017, and the likely roadmap for negotiations to settle terms with the E.U. The panel will focus on the likely macroeconomic risks posed to markets in general and particularly U.S. investment companies.
The “Brexit” decision created uncertainty, which will be ongoing throughout the negotiation process, in global financial markets and may directly affect U.S. investment companies. Investment companies that invest in the UK and international markets face a new category of risk. Fund directors, in turn, must address these risks in the context of ongoing Brexit negotiations, likely to last for two years and perhaps beyond. These new potential risks, or perhaps market opportunities, may involve currency exposure, portfolio investments, liquidity and disclosure obligations.These issues, in turn, present oversight challenges for fund directors.
Our panelists will review recent events in the current regulatory environment, and evaluate how best to assess the risks that Brexit poses to U.S. investment companies. We will discuss approaches for directors to monitor and mitigate those risks.
This meeting will be from 9:30 - 11:00 am on Thursday, June 1, 2017 at the offices of Morrison & Foerster (250 West 55th Street, New York, NY). Breakfast will be included.
|New York, NY||
This event is closed to the media.
This program is open ONLY to independent directors currently serving on a U.S. mutual fund board.
Jay G. Baris
Morrison & Foerster
Peter L. Green
Morrison & Foerster
(Formerly a Member of Parliament, Minister of State and Member of the House of Commons European Affairs Select Committee)
The offices of Morrison & Foerster
250 West 55th Street
New York, NY 10019-9601
WHO SHOULD ATTEND
PRESS / MEDIA