Euronext ceases London regulatory activities

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London– 28 May 2020 – Euronext today announces that it intends to cease its Recognised Investment Exchange (RIE) activities in the UK by 30 June, 2020. Today’s announcement follows an application to the FCA to revoke its licence for regulatory operations in the UK market. Euronext London’s RIE will remain regulated by the FCA until, subject to FCA approval, revocation becomes effective.

The Euronext London office will not be impacted by the closure of the market regulated by the current licence. Following the acquisitions of Euronext FX, Commcise and, more recently, Nord Pool, Euronext has recently increased its staff count from 30 to 55 in London. Euronext remains committed to its presence in the UK and in one of the world’s biggest financial centres, the City of London.

 

CONTACTS -

Media

Pauline Bucaille (Europe):                                     +33 1 70 48 24 41; media@euronext.com

Michael Russell (Dublin/London):                      +353 1 617 4221;  mrussell@euronext.com

Analysts & investors

Aurélie Cohen/Clément Kubiak                           +33 1 70 48 24 27; ir@euronext.com

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

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