UK, Australian Watchdogs Sign Deals On Post-Brexit Ties

Law360, London (April 8, 2019, 1:05 PM BST) -- Britain and Australia’s financial watchdogs said Monday they have signed agreements to ensure they can supervise cross-border activities by exchanging regulatory information after Brexit and allow derivatives contracts between the two countries to continue.

The Financial Conduct Authority and the Australian Securities and Investments Commission said they have agreed to cooperate after Britain leaves the European Union, which could happen as soon as Friday. The deals ensure that the two countries have an “uninterrupted exchange of information” on derivatives contracts, as well as allowing their financial services companies to continue trading with each other.

The watchdogs have signed two memorandums of...

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