On 15 April 2020, the national regulators of Austria, Belgium, France, Greece and Spain announced an extension until 18 May 2020, alongside some minor adjustments to the scope, of their respective bans on short positions in relation to shares traded on their national exchanges (the National Bans).
Equivalence and the possibility of a no-deal Brexit
The Political Declaration accompanying the UK/EU Withdrawal Agreement contemplates that the European Commission will complete its assessment of the UK for “equivalence” purposes under the relevant EU financial services legislation, in particular MiFID, by the end of June 2020. As a reminder, the transitional period for Brexit ends on 31 December 2020.
Sidley Austin LLP provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship. Readers should not act upon this information without seeking advice from professional advisers.
Attorney Advertising—Sidley Austin LLP, One South Dearborn, Chicago, IL 60603. +1 312 853 7000. Sidley and Sidley Austin refer to Sidley Austin LLP and affiliated partnerships, as explained at www.sidley.com/disclaimer.
© Sidley Austin LLP