On Thursday 23 June 2016, the British electorate voted to leave the European Union (EU). On Wednesday 29 March 2017, the British Government formally began the process of exiting the European Union (EU). The UK will cease to be an EU Member State on 30 March 2019 at the very latest and negotiations are underway to determine both how the separation will take place and what the new relationship between the UK and EU will be. We are confident that Jersey's financial services industry will continue to be able to operate in both the UK and EU. As a British Crown Dependency, Jersey is not part of the UK or EU. For financial services it has access to the EU market through its own bilateral agreements which are independent from the UK's relationship to the EU.