the contours of the evolving regulatory landscape in the United
States and the United Kingdom remain unclear. For instance,
cross-border investigations of multinational institutions have
become routine matters, but the differing regulatory ethos and
rules in the US and UK present issues as to which framework
will govern during these investigations.
It is therefore clear that multinational institutions operating in
the United States and the United Kingdom may face unique
challenges in ensuring that they are not running afoul of
relevant rules and regulations. In this ever-changing regulatory
environment, multinational institutions must constantly be
assessing what may be required of them in each country. These
institutions should also assess what potential issues may arise
due to their cross-border activities spanning two (or more)
different regulatory frameworks. In order to be best positioned
to prevent cross-border regulatory issues, multinational
institutions based in the United States and the United Kingdom
should be in close contact with trusted advisers who can help
them navigate this uncertain terrain.
…while Brexit presents a prospect of significant change to the [UK] domestic regulatory
regime and legislative confusion at Brexit’s implementation, it appears as though the
United Kingdom will continue on its path of increased regulation.