{"id":14985,"date":"2020-11-11T10:32:31","date_gmt":"2020-11-11T10:32:31","guid":{"rendered":"https:\/\/mapfintech.com\/?p=14985"},"modified":"2020-11-11T12:47:17","modified_gmt":"2020-11-11T12:47:17","slug":"esma-updates-brexit-statements","status":"publish","type":"post","link":"https:\/\/complyport.com\/transaction-reporting\/esma-updates-brexit-statements\/","title":{"rendered":"ESMA updates BREXIT statements"},"content":{"rendered":"<p>ESMA has <a href=\"https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-updates-brexit-statements-end-uk-transition-period\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> the updating of three previously published statements in preparation for a no-deal\u00a0Brexit\u00a0scenario. The statements address the impact\u00a0on reporting under EMIR and SFTR and on the operation of\u00a0ESMA databases and IT systems\u00a0after 31 December 2020,\u00a0the end of the UK\u2019s transition\u00a0from\u00a0the EU.<\/p>\n<p>&nbsp;<\/p>\n<p>The updated <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/esma74-362-881_statement_brexit_emir_and_sftr_data.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Statement<\/a> on issues affecting EMIR and SFTR reporting, addresses the following topics:<\/p>\n<ul>\n<li>Ensuring on-boarding to EU TRs<\/li>\n<li>Cessation of reporting of UK counterparties to EU TRs and other pertinent issues<\/li>\n<li>Inter-TR Reconciliation<\/li>\n<li>TR and Counterparty recordkeeping<\/li>\n<li>Data Access by NCAs<\/li>\n<li>Portability of data from a UK-based TR to an EU TR and of data of UK TRs<\/li>\n<li>Aggregation of data by TRs<\/li>\n<li>Fees paid by trade repositories registered under EMIR and SFTR<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/esma65-8-6254_public_statement_on_brexit_data_operational_plan.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Statement<\/a> on ESMA\u2019s Data Operational Plan, addresses the following topics:<\/p>\n<ul>\n<li>FIRDS (Financial Instruments Reference Data System)<\/li>\n<li>FITRS Transparency System<\/li>\n<li>DVCAP (Double Volume Cap System)<\/li>\n<li>Transaction reporting systems<\/li>\n<li>ESMA\u2019s registers and data<\/li>\n<li>Communication to external stakeholders<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The updated <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/statement_brexit_esma_it_systems_2020q4.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Statement<\/a> on the use of UK data in ESMA databases and performance of MiFID II calculations, addresses the following topics:<\/p>\n<ul>\n<li>Reference data<\/li>\n<li>Annual transparency calculations for equity and non-equity instruments<\/li>\n<li>Quarterly liquidity determination for bonds<\/li>\n<li>Calculations for SI determination<\/li>\n<li>DVC (Double Volume Cap)<\/li>\n<li>Ancillary Activity calculations<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Reporting participants can also refer to our recent comprehensive <\/strong><a href=\"https:\/\/mapfintech.com\/are-you-ready-for-a-no-deal-brexit\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Brexit article<\/strong><\/a><strong> to help them prepare for a no-deal Brexit.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ESMA has announced the updating of three previously published statements in preparation for a no-deal\u00a0Brexit\u00a0scenario. The statements address the impact\u00a0on reporting under EMIR and SFTR and on the operation of\u00a0ESMA databases and IT systems\u00a0after 31 December 2020,\u00a0the end of the UK\u2019s transition\u00a0from\u00a0the EU. &nbsp; The updated Statement on issues affecting EMIR and SFTR reporting, addresses the following topics: Ensuring on-boarding to EU TRs Cessation of reporting of UK counterparties to&#8230;<\/p>\n","protected":false},"author":5,"featured_media":14997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-14985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ESMA updates BREXIT statements - \u039c\u0391\u03a1 FinTech - Global Regulatory Reporting Provider<\/title>\n<meta name=\"description\" content=\"ESMA updates BREXIT statements\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/complyport.com\/transaction-reporting\/esma-updates-brexit-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESMA updates BREXIT statements - 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