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21.03.2019 18:21

UK watchdog urges EU financial firms to take no-deal Brexit action

Asset managers and other financial firms from the EU have only a week to register with UK regulators to continue operating in Britain in the event of a no-deal Brexit, a senior regulator said.

Nausicaa Delfas, executive director of international at the Financial Conduct Authority, said notifications from EU firms who want to continue serving UK customers must be received by March 28, the eve of Britain's scheduled departure from the bloc. Delfas said over 1,000 EU financial firms have notified the watchdog that they want to make use of Britain's "temporary permissions regime".

This allows them to continue operating in Britain for up to three years if Britain fails to secure a Brexit deal with Brussels, giving them time to apply for a new licence.


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00