A whole new ball game? ESMA review may affect UK firms using outsourcing structures to minimise Brexit effect

The Chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, has announced in a recent speech that ESMA is planning possible measures to avoid a regulatory "race to the bottom," in which EU member states relax their oversight of regulatory standards in order to attract relocating UK businesses.  ESMA's review may affect firms intending to rely on outsourcing or delegation to minimise the business impact of the loss of passporting post-Brexit.

Read more on this development on our Brexit Hub.

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