CLS seeking legal fix for Brexit settlement threat

Market infrastructure firm wants EU27 to protect trades in insolvency by tweaking local laws

Brexit law book

Critical foreign exchange service CLS hopes EU27 member states will tweak domestic rules, to ensure European firms using its London entity still enjoy insolvency protection in the event that the UK leaves the European Union without a Brexit deal next March.

A CLS spokesperson says in an email: “CLS is proactively engaging with relevant regulatory authorities and its members in certain European Economic Area jurisdictions, with the aim of ensuring that, in respect of legislation that is

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