Brexit Archives - FortuneZ

Tagged Brexit

Brexit was the withdrawal of the United Kingdom (UK) from the European Union (EU) and the European Atomic Energy Community at the end of 31 January 2020.

Following a UK-wide referendum in June 2016, in which 52% voted in favour of leaving the EU and 48% voted to remain a member, Prime Minister David Cameron resigned. On 29 March 2017, the new British Government led by Theresa May formally notified the EU of the country’s intention to withdraw, beginning the Brexit process.

CySEC Extends Application Deadline for Post-Brexit Temporary Permissions

January 28, 2021

The Cyprus Securities and Exchange Commission (CySEC) has extended the deadline of taking appreciation from United Kingdom-based companies willing to operate on the EU island nation under the temporary permis...

IG Group Releases Brexit Update for EEA Clients

January 5, 2021

IG Group released a Brexit update today for its European Economic Area (EEA) clients and asked them to transfer their accounts to IG Europe as the broker recently announced that its UK entity will no longer s...

Deutsche Börse Starts Regulatory Reporting in the UK after Brexit

January 4, 2021

Germany’s Deutsche Börse Group announced on Monday that its newly formed UK-based trade repository, REGIS-TR UK LTD, has started reporting to comply with local rules as Britain separated from the European Uni...

Brexit: ESMA Recognizes UK-Based Euroclear as Securities Depository

December 11, 2020

The European Securities and Markets Authority (ESMA) has announced on Friday that it will recognize Euroclear UK & Ireland Limited (EUI) as a third-country central securities depository (TC-CSD) after the...

Revolut Reminds UK Customer to Act as Brexit Deadline Looms

November 17, 2020

Fintech startup, Revolut told the customers of its UK entity to act ahead of the imminent loss of passporting rights for Europe in the wake of Britain’s exit from the European Union. The British company, Rev...

ESMA to Restrict Stock Trading Within EU Post-Brexit

October 26, 2020

The European Securities and Markets Authority (ESMA) issued guidelines, ordering banks and asset managers to execute their share trades within the European Union after the exit of Britain from the bloc. Acco...

ESMA Selects 3 UK CCPs for Post-Brexit Operation

September 28, 2020

The European Securities and Markets Authority (ESMA) announced on Monday that it will recognize three central counterparties (CCPs) established in the United Kingdom as third-country CCPs to provide services ...

FCA Seeks Consultation on EEA Firms’ Post-Brexit Authorization

September 23, 2020

As the Brexit deadline is knocking, the United Kingdom’s Financial Conduct Authority (FCA) has launched a consultation process to decide on the authorization and supervision of international companies operati...

Revolut Moves Business Customers to Lithuania Ahead of Brexit

September 22, 2020

Fintech startup, Revolut is shifting business customers in Central and Eastern Europe from its London-based entity to Lithuania as it prepares for Britain’s exit from the European Union. The move is aimed at...

ESMA Prepares for Brexit; Extends Recognition of Three UK CCPs

December 23, 2019

The European Securities and Markets Authority (ESMA) has published a press release announcing that it has extended the temporary equivalence and recognition of UK central counterparties (CCPs). The three UK ...