The FCA has published a technical communication on the operation of the Markets in Financial Instruments Regulation transparency regime following a no-deal Brexit scenario.
In the communication the FCA set out:
- the contents of the FCA Financial Instrument Transparency System which is due to go live on 1 April 2019 in the event of a no deal on 29 March 2019
- the file format and search capability for FCA Financial Instrument Transparency System
- the daily delta file timing for FCA Financial Instrument Transparency System and the FCA’s approach to missing data
These technical standards are to be read alongside the FCA’s supervisory statement on the same topic.
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Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.