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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