On 5 February 2019, the European Securities and Markets Authority (ESMA) issued a statement in relation to the impact on its databases of a no-deal Brexit.  The statement informs stakeholders on ESMA’s approach to all ESMA IT applications and databases in case of a no-deal scenario and focuses in particular on the MiFID II / MiFIR transparency calculations performed by the various ESMA databases (Financial Instruments Reference Database (FIRDS), Financial Instruments Transparency System (FITRS), double volume cap mechanism data (DVC system)) as well as the annual ancillary activity calculations.