In a No-Deal Brexit, Where Do You Report Your Trades/Transactions to?
If the United Kingdom (UK) leaves the European Union (EU) without a contract (no-deal Brexit), it is crucial to guarantee deal reports are sent to the appropriate Trade Repository (TR) and/or Approved Reporting Mechanism (ARM). There has actually been no indication of a Brexit offer yet so at this phase, we are assisting you prepare for a ‘worst-case circumstance’. TRs are authorised by ESMA at an EU level.
