ALL NEWSREGULATORY

ESMA warns over split share trading upon no-Brexit deal

Jaime Prieto Jaime Prieto 5 July - 2019
6 Less than a minute

I the case in which UK leave the EU with no deal in regards to stock markets, necessary measures are to be taken o avoid liquidity problems.

The watchdog noted that such negative impact could be mitigated id Britain clarifies its trading approach before the specific deadlines for Brexit.

Back in March 2019 ESMA noted that investors could trade over “continental shares” and 14 UK based shares in the event of a no-deal for Brexit.

Some adjustments have been done to the “share trading obligation” STO which will allow such trading, but there will be a market split in any case (officials noted).

Britain has decided not to reveal its trade approach to security trading awaiting for the final deal.

Source

https://www.reuters.com/article/uk-britain-eu-markets/eus-markets-watchdog-warns-of-split-share-trading-if-no-deal-brexit-idUSKCN1T52S6

Tags
Jaime Prieto

Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker