Thursday April 2, 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...

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