Private Bank Briefing: Issues Impacting the Private Bank Sector - December 2020

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Ahead of the end of the Brexit transition period, on 31 December 2020, regulators in the UK and the EU have issued a number of updates:

Share trading obligation -

In relation to the potential conflict between the share trading obligation (STO) requirements that will exist under both UK and EU MiFIR once the transition period ends, both ESMA and the FCA have published statements on this matter.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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