UK, US clearinghouses get ESMA guidance on post-Brexit restraints

11 November 2019 9:46pm
UK and US clearinghouses facing new rules that could restrict or block their access to EU clients after Brexit have received guidance from European watchdogs that lays out the types that are most likely to be affected.

Guidance from the European Securities and Markets Authority to the European Commission forms part of new EU market-infrastructure legislation, known as EMIR 2.2, which is widely seen as politically inspired.