Ten years on, Brexit's art market regulations remain fragmented and unresolved
By
Alexander Herman
Summary
Ten years after the Brexit referendum, the UK's art market remains entangled in EU regulations, particularly anti-money laundering rules that were retained despite not being legally required. The expected 'regulation bonfire' never materialized, and the piecemeal approach to repealing and replacing EU laws has resulted in a messy, incoherent policy landscape for art and cultural heritage.
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Key quotes
· 3 pulledThe 'regulation bonfire' that was threatened and feared never did transpire, at least not in the art world.
The most onerous EU rules for the art market, the anti-money laundering regulations, have been retained, although legally they didn't need to be.
The piecemeal approach to repealing and replacing EU regulations highlights the lack of a coherent policy
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