Lobbyists seek eleventh-hour Brexit relief for UK futures

EC urged to extend CCP safe harbour so listed derivatives don’t switch to OTC

Some industry participants see the decision not to extend temporary equivalence to trading platforms as unusual

Eight industry associations are making a last-ditch bid to protect European users of exchange-traded derivatives from one of the weirder outcomes of a no-deal Brexit, after a European Commission action plan failed to offer them relief.

Warnings that European Union firms would be cut off from UK-based clearing houses prompted the commission in November to offer temporary equivalence if the UK leaves with no deal on March 29 – but the offer was not extended to UK-based exchanges. As a result

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