finance

EU watchdog warns UK financial firms of hard Brexit


© Reuters. FILE PHOTO: Rain clouds pass over Canary Wharf financial financial district in London

LONDON (Reuters) – Financial firms in Britain who need a base in the European Union after Brexit should apply for a licence as soon as possible in case of a disorderly departure by the United Kingdom, the EU securities watchdog said on Thursday.

The European Securities and Markets Authority said it wants to raise awareness among UK firms to the possibility that Britain may leave the EU next March with no transition deal in place.

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