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Robert Orphele, chairman of the Autorite des Marches Financiers (AMF), said EU market access rules for non-EU or "third countries" should be revamped before the bloc's financial market is opened up to Britain, which is leaving the EU next March.
"When the main financial centre of the EU is about to leave the Union, it is clear that the European third country regimes as previously defined can no longer be appropriate and hence deserve to be revisited," Orphele told a meeting of OMFIF think tank.