Brexit — FCA statement on various MiFID obligations and benchmarks regulation if the UK leaves the EU without a transition period

Following ESMA’s statement clarifying its approach to aspects of the MiFID position limits regime, post-trade transparency requirements, derivatives trading obligations and benchmarks regulation, the FCA has published a statement setting out its position on these issues. It should be noted that these opinions are relevant for a no-deal scenario and may change depending on the final timing and nature of Brexit.

Both ESMA’s and the FCA’s Statements can viewed at the following links: