The UK's markets regulator will allow UK investors to use platforms based in the European Union for trading swaps for up to three months, following the end of the post-Brexit transition period.

The UK’s full withdrawal from the European Union at 11pm GMT on 31 December means market participants on either side of the channel will not be able to trade swaps with each other. The Financial Conduct Authority said it would temporarily allow UK participants to trade swaps in the EU, in a bid to avoid the disruption.