ESMA creates permissions for EU companies to trade stocks within post-Brexit UK
Posted: Sat Oct 31, 2020 2:31 am
Brexit is almost a reality – the eleven-month transition period will end this December and financial regulators on both sides are preparing legislation for when the process is finalized.
ESMA issued a few new permissions for share traders, who could only conduct their trade within the borders of the European Union – that particular rule was from May 2019.
With the new permissions, however, companies whose stocks are traded in British pounds will be able to continue doing so in London once the transition period ends in a few months.
ESMA clarified that the reasons for that decision were lowering currency risks for EU investors and strengthening the EU’s markets.
Hopefully this will make the post-Brexit adjustment period easier for a lot of people.
ESMA issued a few new permissions for share traders, who could only conduct their trade within the borders of the European Union – that particular rule was from May 2019.
With the new permissions, however, companies whose stocks are traded in British pounds will be able to continue doing so in London once the transition period ends in a few months.
ESMA clarified that the reasons for that decision were lowering currency risks for EU investors and strengthening the EU’s markets.
Hopefully this will make the post-Brexit adjustment period easier for a lot of people.
