HISTORIC PRESS RELEASE : Eurex US recognised as overseas investment exchange [May 2004]

The press release issued by HM Treasury on 21 May 2004.

Financial Secretary Ruth Kelly has today given the Financial Services Authority (FSA) leave under the Financial Services and Markets Act 2000 to recognise Eurex US as a recognised overseas investment exchange.

The decision was taken after the Treasury took advice from the Director General of Fair Trading, who concluded that the rules of Eurex US do not appear likely to restrict, distort or prevent competition to any significant extent.

Ruth Kelly said:

“Eurex US is a welcome addition to the list of UK recognised overseas investment exchanges and is further proof of London’s status as a leading international financial centre.”