Monday 27 January 2020
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allafrica - 2 month ago

South Africa: Brexit Will Affect SA s Stock Markets in Unpredictable Ways

[Daily Maverick] The European Commission is tightening up the trading rules of the EU s securities market. It is an attempt to close up any potential loopholes for regulatory arbitrage that could become apparent when the UK takes its Brexit from the union and returns to the laws of its own land. Regulators have become increasingly concerned that foreign financial firms will try to exploit the differences in equivalence provisions between the two jurisdictions. But what the rules are, and who they apply to, is anybody s g


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