EU regulators prepare for no-deal Brexit with MiFID II back-up plans

No-deal could mean market participants losing their authorisations

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ESMA chair Steven Maijoor
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ESMA chair Steven Maijoor

Pan-European regulator European Securities and Markets Authority (ESMA) is in the process of drawing up memorandums of understanding (MoU) between the Financial Conduct Authorities (FCA) and the 27 other EU regulators in a safeguard against the fall-out of a no-deal Brexit.

Speaking at the World Federation of Exchanges General Assembly and Annual Meeting in Athens on 3 October, ESMA Chair Steven Maijoor explained that with about 40% of equities issued in the EU27 trading...

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