More than one hundred asset managers, trading platforms and investment firms in London have so far obtained licences to run new hubs in the European Union after Brexit, a top EU regulator said on Thursday. Licences are granted by national regulators but the European Securities and Markets Authority (ESMA) ensures they don’t offer sweeteners to UK-based firms that want a base to serve EU clients after Britain leaves the bloc, currently scheduled for Oct. 31. The number of authorisations is above 100,” ESMA Chair Steven Maijoor told Reuters during a visit to London.

source https://finance.yahoo.com/news/over-100-london-investment-firms-170053449.html?.tsrc=rss