Following the UK’s exit from the EU ESMA has retracted the registrations of six credit rating agencies and four trade repositories.
ESMA will uphold its approach to derivatives trading obligation requiring activity take place on venues within the EU once Brexit transition period ends.
The SIGMA X Europe MTF will go live prior to 4 January to service European clients Goldman Sachs has confirmed.
Various industry associations have welcomed the UK’s equivalence decisions in a move that aims to provide certainty to firms.
The FCA has outlined its approach to the share trading obligation and will maintain access to EU venues for UK market participants.
In an effort to lure more banks and investors from the UK, Eurex Clearing has extended its incentive program following the equivalence decision from the European Commission.
Europe’s share trading obligation has proved controversial as the UK Brexit transition period is due to end on 31 December.
The exchange's contingency plan will come only into play if equivalence decisions to allow cross-border services between the UK and the EU are not agreed upon.
In the last quarter alone, 400 job relocations were announced while 24 financial services firms declared they were transferring their assets out of the UK.
Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.