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GC Asia
ESMA: no change to derivs trading rule
As market participants prepare for the end of the Brexit transition period on December 31, the European Securities and Markets Authority has said it will not change requirements on where derivatives can be traded, even though this could cause problems for UK branches of EU investment firms.
The UK's Brexit transition period finishes at the end of the year, and in some areas there is still no mutual equivalence decision to allow continued market access — although the UK recently made some unilateral decisions and the EU has granted equivalence to allow European firms to
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