Brexit update 2
The EU/UK Withdrawal Agreement has been ratified by the UK and EU parliaments, and the UK is set to leave the EU on 31 January 2020.
During the Brexit implementation period, from 1 February and expected to last until 31 December 2020, the current EU rules will continue to apply to the UK. For our UK-based clients, this means that services for reporting under EMIR and the commencement of reporting under SFTR on 11 April 2020 are provided by REGIS-TR S.A.
Our sister trade repository REGIS-TR UK LTD will activate full UK EMIR and UK SFTR reporting services as soon as required under future legislation. Meanwhile, until there is full clarity, we are continuing our preparations for a range of exit scenarios, including a no-deal Brexit.
Note: For clients who have an account with REGIS-TR UK LTD, fees are not charged until you begin using the account for your reporting. We remind all clients with UK reporting requirements to contact their Relationship Manager to open an account with REGIS-TR UK LTD, if not already done.
We are continuing to keep a close eye on events and will provide further updates as developments unfold.