United Kingdom (and EU regulation)

ESMA updates Brexit statements for the end of the UK transition period

On 10 November 2020, the European Securities and Markets Authority (ESMA) updated the following Brexit related statements:

Statement on issues affecting the European Markets Infrastructure Regulation (EMIR) and Securities Financing Transactions Regulation (SFTR) reporting. EMIR and SFTR data are assessed from a reporting, reconciliation, recordkeeping, access, portability and aggregation perspective. To ensure a comprehensive understanding of the issues, this statement clarifies ESMA’s expectations with regards to EMIR and SFTR data respectively, following the end of the UK’s transition from the EU.
Statement on the use of UK data in ESMA databases and performance of calculations under the revised Markets in Financial Instruments Directive (MiFID II). This statement builds on earlier statements on the publication of databases and IT-systems published on 5 February 2019, including the update on 28 March 2019, and on 7 October 2019 informing the public of ESMA’s approach for the various databases and IT-systems in case of a no deal Brexit.
Statement on ESMA’s Data Operational Plan. This statement complements the statement on the use of UK data in ESMA’s databases and performance of MiFID II calculations after the end of the transition period on 31 December 2020, and provides further details related to the operational use of ESMA’s IT systems during the period following the end of the transition period on 31 December 2020.