The European Commission (EC) has revealed that at the end of the Brexit transition period on 31 December 2020, the EU rules of the Markets in Financial Instruments Directive (MiFID) framework for investment services and activities will no longer apply to the UK.
During the transition period, the EC explained that the EU and the UK will negotiate an agreement on a new partnership. However, there is no certainty whether such an agreement will be concluded and will enter into force at the end of the transition period.
- Maddie Saghir
- Securities Lending Times