Monday July 6, 2020

EU reviewing post-Brexit relocation of British firms within eurozone

Securities regulator wants to make sure British companies on the move are substantive businesses

23rd February, 2020
Steven Maijoor, chairman of the European Securities and Markets Authority, said he was seeking to ensure that individual member states did not undercut each other on regulation. Picture: Fergal Phillips.

The relocation of firms from Britain to European Union member states is being reviewed by the EU’s securities regulator in a bid to ensure they are substantive businesses.

The European Securities and Markets Authority (ESMA) is scrutinising more than 200 relocations of corporates out of Britain, most of which took place as a result of Brexit.

Steven Maijoor, the head of the agency, said he was also seeking to ensure that individual member states...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Lender had securitised loans previously acquired from ICS into special purpose vehicle now worth €110 million

Ian Guider | 1 day ago

The Rebuilding Ireland Home Loan scheme will make mortgages available to some who cannot get approval privately

Peter O'Dwyer | 1 day ago

Central Bank governor Gabriel Makhlouf says Irish financial system needs to ‘get ahead of the curve’ and assess risks

Daniel Murray | 1 day ago