ESMA to recognise the UK Central Securities Depository in the event of a no-deal Brexit

Securities Markets Regulation
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Date: 07 March 2019
On 1 March 2019, the European Securities and Markets Authority (ESMA) announced that, in the event of a no-deal Brexit, the Central Securities Depository (CSD) established in the United Kingdom (UK) – Euroclear UK and Ireland Limited – will be recognised as a third country CSD to provide its services in the European Union (EU).