British broker said "so far the message from regulators has been to carry on"
Tullett Prebon has become the second City
firm in as many days to predict British firms will have to
comply with the controversial European trading reforms Mifid II
irrespective of Brexit, as the London-based broker reported
earnings up for the first half of 2016.
Tullett said in a statement on Tuesday:
"The uncertainty surrounding Brexit has raised questions about
the implementation of Mifid II but so far the message from
regulators has been to carry on."
The British broker added: "The
implementation of Mifid II has to take place at least a year
before any expected Brexit event, and in most planning
scenarios the UK will maintain alignment with Mifid II at least
for the foreseeable future."
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.