Dear Valued Client,

We would like to draw your attention to the recently published ESMA Public Statement (ESMA70-151-1997) regarding issues affecting reporting, recordkeeping, reconciliation, data access, portability and aggregation of derivatives under Article 9 EMIR in the case of UK withdrawal from the EU without a transitional agreement. The public statement can be found here.

The DTCC solution for Brexit caters explicitly for a hard Brexit on 29th March and is fully aligned with ESMA’s public statement.

Please look out for further updates in the coming weeks as we respond to regulatory guidance when issued from UK authorities, formally publish our strategy for the Brexit weekend and continue our Brexit webinar series. The latest Brexit webinar recording from 23 January is now available on dtcc.com/brexit.

At this point, over 60% of our customers in all sectors have now returned their Brexit DocuSign. It is now only a matter of weeks until Brexit; if you have not yet done so, we encourage you to return your completed DocuSign to us as soon as possible to ensure you are able to comply with your post-Brexit EMIR reporting requirements.

Please email gtr-onboarding@dtcc.com with any questions or concerns you may have. Alternatively read our FAQ for more information on the Global Trade Repository (GTR) onboarding process related to Brexit.

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