The MOUs come into force on the date EU legislation ceases to have direct effect in the UK.
The MOUs come into force on the date EU legislation ceases to have direct effect in the UK.
The instruments now commence on ‘exit day’, rather than 11pm on 29 March.
The US regulator has provided guidance on the transfer of uncleared legacy swaps.
The move ensures uninterrupted service for EU clients due to Brexit.
The register will include benchmark administrators and third-country benchmarks.
Clients will be able to report for both EU and UK through their existing connections.
More than 1,000 EU firms and fund managers have entered the UK’s temporary permissions regime.
Participants warn that equity markets will become more fragmented.
This complements the previous statement on the use of UK data in MiFID II calculations.
