Freddie Mac has announced that its debt securities, mortgage securities, and STACR debt notes will be removed from markets in Luxembourg and Ireland.
Freddie Mac made the decision to withdraw from the European Union Markets due it becoming the increasingly “burdensome” and “costly” to comply with the Market Abuse Regulation that recently went into effect. Freddie Mac reported that due to the “unique circumstances” surrounding its conservatorship it could not support remaining in these markets.
With the announcement Freddie Mac included a reference of the current debt securities, mortgage securities, and STACR debt notes that it currently has listed on both exchanges. See Annex A and B (To view the annexes, click here).
Freddie Mac is planning to begin the delisting process for Luxembourg and Irish Stock Exchanges by the first quarter of 2017, and the process completion will be subject to action by the Exchanges.