So these changes would not be necessary if you did not serve US customers? Do you expect other jurisdictions to require such changes?
Thanks!
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So these changes would not be necessary if you did not serve US customers? Do you expect other jurisdictions to require such changes?
Thanks!
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Yes, that's correct, it wouldn't be necessary now if we didn't also serve US customers. So one long term option might be to split into two different companies.
But a recent report published by ESMA (European Securities and Markets Authority) suggests they are considering somewhat similar requirements in 2020. It's hard to say how these things will go.