Representing financial market professionals based in France

Interdealer Market

The French regulators confirm their position on the interdealer market in the context of a no-deal Brexit: by way of a joint letter received on 14 February 2019 by the AMAFI, the AMF and the ACPR confirm that : « if the only investment services or activities provided or carried out in France by a third-country firm are OTC transactions on financial instruments on own account (excluding execution of transactions on behalf of clients) with credit institutions or investment firms (…) no permission in France is required ».

Read the letters – the English version follows the French version