ESMA Preparations for a No-Deal Brexit

Published 15 October 2019

PrintCategory: Financial Regulation

On 7 October 2019, ESMA issued updated statements in relation to its approach to the application of some key MiFID/MiFIR II provisions in case of a no deal Brexit and in terms of its use of UK data and MiFID II calculations.

Look further into the updated approach here.

Next step: The final timing and conditions of Brexit are still uncertain, and we will keep a close eye on whether ESMA will adjust the approach announced on 7 October 2019.

Tags:  Brexit


Other updates

27 Mar 2023Impact and ESGUpdates

New ESG KPI Report by Invest Europe

Invest Europe, the trade association representing Europe’s private equity and venture capital sector, has published its first ESG KPI report with data from 2021.

GovernanceVenture Capital
21 Mar 2023Taxation / VATUpdates

New countries have been added to the EU tax blacklist

On 14 February 2023, the British Virgin Islands, Costa Rica, the Marshall Islands, and the Russian Federation have been added to the EU tax blacklist by the EU Council.

Cross-BorderGovernance
20 Mar 2023Financial RegulationUpdates

EU Markets in Crypto-assets Regulation (MiCA) impending

The EU Markets in Crypto-Assets Regulation (MiCA) is expected to be passed in April 2023 according to the European Parliament’s legislative updates.

Crypto-assetsMiCA
20 Mar 2023ELTIFsUpdates

ELTIF 2.0 now published in the OJEU

The amendments include a broader scope of eligible assets, a simplified definition of ‘retail assets’, which include lighter retail investor requirements, and an increased market capitalization threshold.

Retail Investors
8 Mar 2023Impact and ESGUpdates

Thematic review of sustainability disclosures for funds with sustainable investment as the objective

On 3 February 2023, the Danish Financial Supervisory Authority (“DFSA”) published a thematic review of sustainability disclosures for eight funds with sustainable investments as their objective.

ComplianceDisclosure RequirementsSustainability
8 Mar 2023ELTIFsUpdates

ELTIF 2.0 Adopted

On 15 February 2023, the European Parliament has voted in favour of an update to the EU’s Regulation for Long-Term Investment Funds (ELTIFs), also known as ELTIF 2.0.

Retail Investors