Euronext ceases London regulatory activities

EURONEXT CEASES LONDON REGULATORY ACTIVITIES  

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

About Euronext
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €3.3 trillion in market capitalisation as of end March 2020, Euronext has an unmatched blue chip franchise that includes 25 issuers in the Morningstar® Eurozone 50 Index℠, and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives 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. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.  Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. The Norwegian stock exchange and its custody & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019.  
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only: it is not a recommendation to engage in investment activities and 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. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.
© 2020, Euronext N.V. - All rights reserved. 

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