London Stock Exchange Group has announced plans to activate the contingency plans in case Britain crashes out of the EU without a transition deal next March.
The LSE said plans include creating new entities in the EU, and applications for authorization within the other 27 countries of the EU for certain businesses.
โThe complexity and the lack of clarity of the application of a hard Brexit may decrease the effectiveness, or applicability of some of these contingency plans,โ it said in a statement.
The LSE also said the effects of a hard Brexit could โadversely affectโ its business, results of operations, financial condition, and cash flows.
Leave a Comment