EU defers legal fix to Brexit swaps trading ban on branches

Efforts to address duplicate Mifir trading obligations stymied by UK-EU negotiations

Brexit connected

The Council of the European Union has ruled out amending key financial market rules to allow UK branches of EU firms to trade certain over-the-counter derivatives on UK venues at this stage, according to three sources. Instead, legislators will await the outcome of Brexit negotiations before deciding whether to move on a legal problem that will hamper their own investment firms.

“There is some reluctance to fix this issue via the Mifid quick fix while the bilateral negotiations on the future

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: