Post-Brexit, DTCC Derivatives Repository Plc (DDRL) will be DTCC’s registered UK TR, operating under the supervision of the UK’s Financial Conduct Authority (FCA), while a newly established entity in Dublin, DTCC Data Repository (Ireland) Plc (DDRIE), will be the registered TR to support the EU 27 countries.
DTCC established DDRIE ahead of a scheduled 2019 Brexit in order to ensure full, uninterrupted service for all clients in the EU and UK. DDRIE is registered by ESMA but will not be active until Brexit goes into force. Until that time, all EU and UK clients continue to report to London-based DDRL.
GTR UK - EMIR (FCA)
DDRL will accommodate the post-Brexit reporting of cleared and uncleared OTC and exchange-traded derivatives contracts subject to FCA jurisdiction.
GTR UK - SFTR (FCA)
Subject to regulatory approval, clients will be able to utilize DDRL to meet their post-Brexit Securities Financing Transactions Regulation (SFTR) reporting obligations in the UK when they take effect in 2020. For more information on DTCC’s SFTR solution visit SFTR (ESMA).