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

17 Jun 2024Impact and ESG

Final Report from ESMA with guidelines on funds’ names

The European Securities and Markets Authority has published a final report containing guidelines on funds’ names using ESG or sustainability-related terms.

ESMASustainability
13 Jun 2024Taxation / VATUpdates

Proposal for new strategy on entrepreneurship in Denmark

On 12 June 2024, the Danish government presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups and certain relaxation of taxes.

Venture Capital
21 May 2024Impact and ESGUpdates

Summary report of the consultations on the implementation of SFDR

The European Commission initiated in September 2023 public and targeted consultations on the implementation of the SFDR running until 22 December 2023. A summary of the contributions on the consultations have now been published in a summary report.

Disclosure RequirementsRegulatory Technical StandardsSustainability
13 May 2024Impact and ESGUpdates

The Danish FSA: Investment Managers must be better at disclosing sustainability related information

The Danish Financial Supervisory Authority has in a thematic review assessed several sustainability related issues at two investment managers.

Disclosure RequirementsSustainability
7 May 2024Impact and ESGUpdates

Invest Europe GP ESG Due Diligence Guide

Invest Europe has published a revised GP ESG Due Diligence Guide. It provides guidance on how ESG factors can be incorporated into general partner’s management and decision-making processes.

Sustainability
7 May 2024Financial RegulationUpdates

The Danish implementation of a framework for supervision of the financial sector under The DORA Regulation and NIS2 Directive

On 2 May 2024, the Danish Parliament adopted an amendment to the Danish Financial Business Act to provide the Danish FSA with a legal framework for supervision of the financial sector under the DORA Regulation and the NIS-2 Directive.