Brexit: A timeline of events

June 6, 2019 Wealth Solutions

London skyline at night

Brexit is short for "British exit" and describes the United Kingdom's decision to leave the European Union (EU). A referendum was held in June 2016 on whether the UK should leave or remain in the European Union. Leave won by nearly 52% to 48%.

The exit was due to happen on March 29, 2019, but the departure has been delayed...a few times now. Negotiations have been ongoing between the UK and other EU countries. The discussions have focused mainly on the "divorce" deal, which sets out exactly how the UK leaves and is known as the Withdrawal Agreement. MPs have voted against proposed Withdrawal Agreement terms three times. When MPs did not approve May's withdrawal deal, the PM was forced to ask other EU leaders to delay Brexit, until October 31st.

This report has been prepared by ATB Investment Management Inc. (“ATBIM”) which manages the Compass Portfolio and ATBIS Pools. ATBSI is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). ATBIM, ATB Securities Inc. (“ATBSI”), and ATB Insurance Advisors Inc. are wholly owned subsidiaries of ATB Financial and operate under the trade name ATB Wealth.The mutual fund performance data provided assumes re-investment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that may reduce returns. Unit values of mutual funds will fluctuate and past performance may not be repeated. Mutual Funds are not insured by the Canada Deposit Insurance Corporation, nor guaranteed by ATBIM, ATBSI, ATB Financial, the province of Alberta, any other government or any government agency. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Read the fund offering documents provided before investing. The Compass Portfolio and ATBIS Pools includes investments in other mutual funds. Information on these mutual funds, including the prospectus, is available on the internet at, estimates, and projections contained herein are subject to change without notice and ATBIM does not undertake to provide updated information should a change occur. This information has been compiled or arrived at from sources believed reliable but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. ATB Financial, ATBIM and ATBSI do not accept any liability whatsoever for any losses arising from the use of this report or its contents.This report is not, and should not be construed as, an offer to sell or a solicitation of an offer to buy any investment. This report may not be reproduced in whole or in part; referred to in any manner whatsoever; nor may the information, opinions, and conclusions contained herein be referred to without the prior written consent of ATBIM.

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