Tag: Hard Brexit

FCA and ASIC to strengthen cooperation post-Brexit
April 08, 2019 BY Valentina Kirilova

FCA and ASIC to strengthen cooperation post-Brexit

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 more
DTCC Data Repository (Ireland) PLC registers with ESMA as a trade repository
March 01, 2019 BY Valentina Kirilova

DTCC Data Repository (Ireland) PLC registers with ESMA as a trade repository

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…

Read more
ICE Clear Europe recognized as a third-country CCP by ESMA
February 19, 2019 BY Valentina Kirilova

ICE Clear Europe recognized as a third-country CCP by ESMA

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…

Read more
ESMA ceases renewal of product intervention CFDs measures
February 18, 2019 BY Valentina Kirilova

ESMA to accept 3 UK CCPs in case of a Hard Brexit

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…

Read more
fca fines
February 01, 2019 BY Valentina Kirilova

FCA agrees MoUs with ESMA and EU regulators

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…

Read more
How would the FCA use the temporary transitional power or what firms and other regulated persons to do now
February 01, 2019 BY Valentina Kirilova

How would the FCA use the temporary transitional power or what firms and other regulated persons to do now

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 more
February 01, 2019 BY Valentina Kirilova

Exclusive: The many faces of Brexit and its impact on the pound

LeapRate 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 more