On 31 January 2019, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on the Transparency Directive. The Q&As inset a new question 26, asking, in the case that the UK withdraws from the EU without a withdrawal agreement, under the Transparency Directive which obligations does an issuer which currently has the UK as its home Member State and is admitted to trading on one or more regulated markets in EU27 / EEA EFTA have in relation to disclosing its choice of a new home Member State?