On February 25, the Bank of England
(BoE), the Financial Conduct
Authority (FCA) and the US
Commodity Futures Trading Commission
(CFTC) published a joint statement detailing the measures that
will be taken to ensure the continuity of UK-US derivatives trading
and clearing activities after Brexit.
The measures address:
UK equivalence for the US: UK authorities have
confirmed that US trading venues, firms and central
counterparties (CCPs) will be able to
continue providing services in the UK. The basis on which these
trading venues, firms and CCPs currently provide services in the EU
and to EU firms is as a result of various decisions taken by the
European Commission in declaring the CFTC regulatory framework
equivalent.
