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ARTICLE · 07 MARCH 2019

CFTC And UK Regulators Issue Statement Regarding Continuity Of Derivatives Trading And Clearing Post-Brexit

Morrison Foerster
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On February 25, 2019, the US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE), and the UK's Financial Conduct Authority (FCA)

GlobalFinance and Banking
Julian Hammar
Julian Hammar
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On February 25, 2019, the US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE), and the UK’s Financial Conduct Authority (FCA) issued a joint statement (“Statement”) regarding derivatives trading and clearing activities between the UK and the US after the UK’s withdrawal from the European Union (“Brexit”), which is currently scheduled for 11:00 p.m. GMT on March 29, 20191. The Statement is not a legal document, but expresses the intentions of the CFTC and UK regulators to take certain measures by the end of March 2019, in addition to reaffirming their commitment to close cooperation, to maintain the continuity of derivatives trading and clearing activities after Brexit.

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