September 3, 2018 / 6:26 AM / 4 months ago

Japan's Daiwa granted securities license in Germany as Brexit looms

TOKYO (Reuters) - Japan’s Daiwa Securities Group Inc said on Monday its new Frankfurt subsidiary had been granted a securities trading license by German regulators, as it prepares for the impact of Britain’s exit from the European Union next year.

“The receipt of the license is a major milestone in ensuring that the Daiwa Group will be in a position to continue to provide its full range of products and services” after Britain leaves the EU, the company said in a statement.

Reporting by Chris Gallagher; Editing by Stephen Coates

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