Brexit: UK Regulator Offers Temporary Relief on Swaps Trading
Brexit: UK Regulator Offers Temporary Relief on Swaps Trading
British companies can approach EU platforms till March 2021.
Arnab Shome
2020-12-31T12:58:05+00:00
2020-12-31T13:41:05+00:00 Photo: Finance Magnates
The UK’s Financial Conduct Authority (FCA) has announced on Thursday that it will allow British companies to approach the European Union-based platforms for derivatives trading until the end of March 2021.
This decision came hours before the expiry of the 11 months long transition period of Brexit on December 31. Though the two parties have agreed on a deal for the divorce, London’s massive financial services did not receive much attention.