The European Securities and Markets Authority
("ESMA") announced on 11 December 2020 that
Euroclear UK & Ireland Limited
("EUI"), the central securities
depository ("CSD") established in the
United Kingdom, will be recognised as a third-country CSD after the
end of the Brexit transition period until 30 June 2021.
This follows a decision by the European Commission, on 25
November 2020, to adopt an equivalence decision determining, for a
limited time period, that the regulatory and supervisory framework
applicable to CSDs established in the UK is equivalent in
accordance with the Central Securities Depositories Regulation
("CSDR").
Following EUI's application for recognition, ESMA conducted
the recognition assessment, including consultation with relevant
authorities in accordance with the
CSDR.
