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At issue is a policy announced last week that would require EU investment firms to trade certain blue-chip shares including Vodafone Group Plc and Rio Tinto Plc on venues in the bloc. The vast majority of these transactions currently take place in London.
The last-minute fracas threatens to disrupt months of cooperation between regulators on both sides to protect financial markets if the U.K. leaves the EU without a withdrawal accord.
The LSE said the policy applies to one-third of the FTSE 100 by market capitalization, around 10 percent of other major European benchmarks, as well as some shares that have scant liquidity on EU venues.
“London Stock Exchange firmly believes that global capital markets are best served by continued access for all participants and service providers in a non-discriminatory manner,” the exchange said in a notice dated March 28 and published on its website. [...]