UK Firms Consider How Brexit May Change Compliance Data Needs

The message from regulators is clear: firms must comply with current European regimes. But in the longer term, the answer is that the only certainty is uncertainty

Michael Thomas, partner, Hogan Lovells

The shock of the UK's referendum decision may have worn off, but the hard work of preparation to leave the European Union has only just begun. And financial services firms have started to wonder about the regulatory impact of Brexit. Will they still have to meet the requirements of initiatives such as the Market Abuse Regulation (MAR) and the Markets in Financial Instruments Directive (MiFID II) that are costing them so much time and money?

In the short term, the answer from regulators is an

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