March 19, 2019 / 5:42 PM / a month ago

EU watchdog acts on share trading in case of no-deal Brexit

LONDON, March 19 (Reuters) - The European Union’s markets watchdog published guidance on Tuesday that would allow investors to continue trading shares in London for a temporary period in the event of a no-deal Brexit.

The European Securities and Markets Authority (ESMA) said its guidance should be understood as being “limited to the no-deal Brexit scenario and as being conceived for a temporary period to mitigate cliff-edge effects because of a no-deal Brexit”. (Reporting by Huw Jones Editing by Gareth Jones)

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