September 3, 2018 / 6:21 AM / 10 months ago

Japan's Daiwa granted securities licence in Germany as Brexit looms

TOKYO, Sept 3 (Reuters) - Japan’s Daiwa Securities Group Inc said on Monday its new Frankfurt subsidiary had been granted a securities trading licence by German regulators, as it prepares for the impact of Britain’s exit from the European Union next year.

“The receipt of the licence is a major milestone in ensuring that the Daiwa Group will be in a position to continue to provide its full range of products and services” after Britain leaves the EU, the company said in a statement. (Reporting by Chris Gallagher; Editing by Stephen Coates)

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