LONDON - The European Union’s markets watchdog published guidance on Tuesday identifying which shares investors in the bloc could no longer trade in London if there is a hard Brexit next week.
Britain is due to leave the EU on March 29, but it has yet to agree a divorce settlement and “standstill” transition deal with the bloc. The UK is now expected to ask for a delay to Brexit. Without ESMA’s guidance, EU investors could only trade shares listed on an EU exchange in the event of a no-deal Brexit.“ESMA wishes to highlight that the guidance provided in the public statement should only be applied in case of a no-deal Brexit occurring on 29 March 2019,” the watchdog said.
Reckless behaviour. No wonder there are no other major trading centres in the EU.
“The European Union's markets watchdog published guidance on Tuesday identifying which shares investors in the bloc could no longer trade in London if there is a hard Brexit next week.” People wonder why so many Brits want to leave the EU? What happened to freedom of choice?