To ask Her Majesty's Government what assessment they have made of calls from European investors for regulators to protect their ability to buy and sell London-traded shares of companies with dual listings in the event of a no-deal Brexit.
18 February 2019
Delivering the deal the Government has agreed with the EU remains our top priority and the best mitigation against the issues arising in a no-deal scenario. Nevertheless, the Government has been implementing a significant programme of work to ensure the UK will be ready from day 1 in all scenarios, including a potential ‘no deal’ outcome in March 2019.
The UK authorities are not able through unilateral action to fully address risks to European investors seeking to buy and sell London-traded shares of companies with dual listings in the event of a no-deal Brexit. This would require action by the European Commission and the European Securities and Markets Authority to permit EU investment firms continued access to UK markets for London-traded shares of companies with dual listings.