Investors are punishing UK equity funds as a no-deal Brexit once again looms large on the horizon.
11 new trade advisory groups have been formed to inform UK negotiating position.
EU funds routinely delegate portfolio management to hubs including New York, Tokyo and Hong Kong.
EU27 trading operations and risk management are moving to Amsterdam due to Brexit.
By introducing a time limit, the EU is keeping some leverage over the UK.
CCPs will need to give notice by September if access is revoked due to Brexit.
There are less than six months before the end of the transition period.
Negotiations are ongoing on equivalence decisions.
Central Securities Depositories Regulation is due to apply in February 2021.