Brexit

The United Kingdom will leave the European Union on 29 March 2019. Brexit will introduce an unparalleled level of regulatory, legislative and political change to the whole of the UK having an impact on all sectors of the economy.

The London Metal Exchange (LME) and LME Clear are working hard to ensure that our Brexit contingency plans are comprehensive, robust and sufficiently flexible so that we will remain a global market accessible to all members and participants.

Our Brexit contingency plans are built on the following key objectives:

  • The LME and LME Clear will remain in London
  • The LME will seek regulatory licences in the EU27 jurisdictions in which its members are located
  • LME Clear will be applying to ESMA for recognition as an equivalent CCP

Whilst the timing and form of the UK’s departure from the EU remain subject to negotiation, the LME and LME Clear will continue to provide clear and up-to-date information concerning the steps that we will be taking as part of our contingency arrangements and we will use this portal to fulfil that commitment.

We welcome engagement from all those with interest in our market. Please direct any enquiries via email or your usual LME contact.