Key takeaways

• The UK’s referendum on membership of the EU will be held on 23 June 2016.
• If the UK votes to leave, future access to the single market and regulation of the banking, insurance and financial services industry will ultimately depend on how the UK renegotiates its relationship with the EU.
• Agreeing withdrawal terms would take at least two years and businesses should expect a longer period of uncertainty as the future relationship, and how that applies to the financial services sector, is determined.