Concerns have been raised that EU-based asset managers will be cut off from trading on UK venues such as the London Stock Exchange (LSE), creating the potential for a "cliff edge of liquidity" in the UK market in the event of a no-deal Brexit.
According to Lorraine Johnston, regulatory counsel at law firm Ashurst, the share trading obligation of MiFID II, which came into force in January, prevents firms based in the bloc from trading on venues...
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