UK-based energy firms consider fleeing Brexit

Trading units exploring relocation to avoid “years of uncertainty”, says AFM official

Brexit and the City
Mifid licences could be worthless if held by UK entities

UK-based commodity trading firms are considering relocating as a result of the uncertainty that has followed the country's vote to leave the European Union, with some already speaking to national regulators elsewhere in the EU.

Companies including BP and Royal Dutch Shell have UK entities that are licensed under the terms of the Markets in Financial Instruments Directive (Mifid), and could see these licences rendered worthless under the terms of a so-called ‘hard' Brexit, in which access to EU

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