Lobbyists seek eleventh-hour Brexit relief for UK futures
EC urged to extend CCP safe harbour so listed derivatives don’t switch to OTC
Eight industry associations are making a last-ditch bid to protect European users of exchange-traded derivatives from one of the weirder outcomes of a no-deal Brexit, after a European Commission action plan failed to offer them relief.
Warnings that European Union firms would be cut off from UK-based clearing houses prompted the commission in November to offer temporary equivalence if the UK leaves with no deal on March 29 – but the offer was not extended to UK-based exchanges. As a result
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