New Mifid equivalence rules leave UK firms in limbo

Revised market access rules won’t kick in until six months after UK leaves single market

The ability of UK investment firms to trade with European Union entities following Brexit is under new doubt as updated equivalence rules are not due to take effect until six months after the UK becomes a third country.

Amendments to the Markets in Financial Instruments Regulation – the wide-ranging regime for trading and transparency across the EU – will apply from June 26, 2021. With the UK planning to leave the union’s jurisdiction at the end of 2020, it is not clear how the subsequent six