Analysis: Dozens of Brokers to Move Offshore Due to ESMA Leverage Rules

[kreslik.news]

As the European Securities Markets Authority (ESMA) is preparing to launch its new regulatory framework for retail brokers, compliance pressure is set to move many offshore. Despite payment processing and bank account registration hardships, brokerage companies that have been previously regulated in the EU are preparing to make an offshore move.

A number of industry insiders have shared with Finance Magnates their plans in the wake of the publication of the ESMA final regulatory framework for retail brokers which is expected very shortly. After the official publication in the EU’s regulatory framework in the Official Journal of ... (read more)