FCA Warns ESMA Of Disruption From Brexit Trading Rules

Law360, London (May 29, 2019, 1:35 PM BST) -- The Financial Conduct Authority accused Europe’s securities regulator on Wednesday of risking disruption to markets and investors through its proposals to outlaw trades in thousands of shares in European companies outside the bloc if there is a no-deal Brexit.

ESMA's plans would mean investors in European companies being prevented from trading in Britain if the country leaves in a no-deal Brexit, even if those businesses are listed on the London Stock Exchange. (iStock) The City watchdog squared up to the European Securities and Markets Authority over its revised plans to apply Europe’s so-called share trading obligations to all 23,000 shares issued...

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