January 7, 2019 / 2:41 PM / in 4 months

EU states agree to tighten rules on London-based investment firms

BRUSSELS, Jan 7 (Reuters) - European Union governments agreed on Monday stricter rules for large investment firms, according to an EU statement, in a move that would mostly hit London-based financial groups.

The agreement needs approval from the EU Parliament before becoming law. (Reporting by Francesco Guarascio)

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