The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have just announced that they have agreed two MoUs to ensure there is continuity once the UK leaves the European Union. Last week, ASIC announced that new laws are about to protect financial service consumers in Australia. According to several independent…
Read moreThe European Securities and Markets Authority (ESMA) has issued a statement saying that it would recognize the UK Central Securities Depository (CSD) – Euroclear UK and Ireland Limited – as a non-EU CSD, which will allow it to offer its services within the European Union. ESMA made this decision so as to make it possible…
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The European Securities and Markets Authority (ESMA) has today announced the registration of DTCC Data Repository (Ireland) PLC as a trade repository governed by the European Market Infrastructure Regulation (EMIR). According to ESMA, which is mandated to supervise trade repositories (TRs), the registration takes effect as from 1 March 2019. DTCC Data Repository (Ireland) PLC…
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The Financial Conduct Authority (FCA) yesterday published almost finalized rules and guidelines that would be adopted if the UK left the EU without a deal. Most of the proposed changes are based on the powers granted to the FCA by the EU (Withdrawal) Act, hence, they have to be approved by Her Majesty’s Treasury. The…
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The European Securities and Markets Authority (ESMA) declared on Monday that in case the UK left the EU with no deal, it would authorize three central counterparties from the UK to operate in the EU legally. The three CCPs are LCH Limited, LME Clear Limited and ICE Clear Europe Limited, which are all registered and headquartered in…
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The European Securities and Markets Authority (ESMA) today declared that in case the UK left the EU with no deal, it would authorize three central counterparties from the UK to operate in the EU legally. The three CCPs are LCH Limited, LME Clear Limited and ICE Clear Europe Limited, which are all registered and headquartered…
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Busy Friday for the UK regulator FCA, as it has just released another announcement that it has agreed Memoranda of Understanding (MoUs) with ESMA and EU regulators. The FCA has explained earlier today how it would use the temporary transitional power in an UK leaves the European Union without a withdrawal agreement scenario. The MoUs cover cooperation…
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The UK Financial Conduct Authority (FCA) has issued an announcement earlier today how it would use the temporary transitional power in an UK leaves the European Union without a withdrawal agreement scenario. Nausicaa Delfas, Executive Director of International at the Financial Conduct Authority said: The temporary transitional power is an important part of our contingency…
Read moreLeapRate Exclusive... This article is courtesy of Ricardo Evangelista, Senior Analyst at London based financial broker ActivTrades. The broker has recently launched its proprietary platform ActivTrader. The results of the June 2016 referendum, and the process of establishing the terms of the separation from the EU, revealed deep running divisions in British politics and society…
Read moreThe European Securities and Markets Authority (ESMA) has reminded UK firms to provide their clients with information on the implications of Brexit. Earlier this year, the regulator issued a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the…
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