ESMA Warns of ‘No Deal’ Brexit Scenario Ahead of Upcoming Deadline
Posted: Wed Jul 11, 2018 12:37 pm
The European Securities and Markets Authority (ESMA) has released a statement today warning market participants of a potential hard Brexit. The European regulator wants to remind entities that there is no guarantee that a transition period will be agreed upon, and therefore, should be making preparations for such an outcome.
In the statement, ESMA stressed that time is running out for companies to become authorised with the appropriate National Competent Authorities (NCAs) and ESMA. Firms wishing to relocate from the United Kingdom to the European Union (EU), and still provide services within the 27 EU countries, must have a ... (read more)