knowledge | 6 November 2019 |

ESMA’s Halloween Brexit Update

The European Securities and Markets Authority (“ESMA”) has announced that the relevant reference date in all ESMA’s previously published measures and actions, including public statements, regarding the possibility of a no-deal Brexit scenario should now be read as 31 January 2020.

This follows the European Council’s decision to extend the period under Article 50(3) relating to the United Kingdom’s withdrawal from the European Union. ESMA also stated that, given the nature of the current extension, ESMA will issue further announcements and updated measures as matters develop.

See our previous briefings on ESMA’s Brexit-related published measures, actions and public statements:

  • ESMA Publishes No-Deal Brexit Update (here)
  • Brexit and EMIR Clearing (here)
  • Brexit, UCITS and CP86 (here)
  • Brexit Relocations - All Together Now (here)

This document has been prepared by McCann FitzGerald LLP for general guidance only and should not be regarded as a substitute for professional advice. Such advice should always be taken before acting on any of the matters discussed.

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