Sector Regulation Sector Regulation

Clearinghouse ‘land grab’ powers proposed in UK's post-Brexit market rules

By Fiona Maxwell
  • 24 Feb 2020 07:16
  • 24 Feb 2020 07:16
Clearinghouses based outside the UK could have to relocate after Brexit or be denied access to the country's markets under the Boris Johnson government's proposed replacement for EU market infrastructure rules.

The EU law, known as EMIR 2.2, includes a so-called "location policy" — a controversial provision that would block non-EU clearinghouses from

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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