Published: 4th April 2019

Following ESMA’s statement clarifying its approach to aspects of the MiFID position limits regime, post-trade transparency requirements, derivatives trading obligations and benchmarks regulation, the FCA has published a statement setting out its position on these issues. It should be noted that these opinions are relevant for a no-deal scenario and may change depending on the final timing and nature of Brexit.

Both ESMA’s and the FCA’s Statements can viewed at the following links:

https://www.esma.europa.eu/press-news/esma-news/esma-sets-out-its-approach-several-mifid-iimifir-and-bmr-provisions-under-no

https://www.fca.org.uk/news/statements/statement-various-mifid-obligations-and-benchmarks-regulation-if-uk-leaves-eu-without-implementation

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