London stock exchange could delist Swiss companies like UBS amid EU standoff [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
London stock exchange could delist Swiss companies like UBS amid EU standoff Key Points The London stock exchange (LSE) has warned investors they could be forced to delist Swiss stocks from Monday due to a political standoff between Switzerland and the European Union (EU). Similar warnings have also been issued by exchange operators Aquis Exchange, CBOE Global and UBS If the deadline passes on Sunday without an agreement on the EU's new political demands, and the bloc decides not to extend, the LSE notice explained that "it is likely the Swiss authorities will remove the recognition that allows EU trading venues to offer trading in the Swiss equity securities." A pedestrian passes a Nestle SA logo at the Nescafe factory, operated by Nestle SA, in Tutbury, U.K., on Thursday, Aug. 23, 2018. Simon Dawson | Bloomberg | Getty Images European venues would face restrictions to trading in Swiss companies, including blue chip giants such as Novartis The recognition obligation has been appl
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