Any reference in this BREXIT section to the UK exiting the European Union on 29 March 2019 should now be read as 31 January 2020
ESMA recognises Euroclear UK & Ireland as third country CSD
Euroclear UK & Ireland is pleased to confirm that the European Securities and Markets Authority (ESMA) has recognised Euroclear UK & Ireland as a third country CSD in accordance with Article 25 of the EU CSD Regulation.
This ensures that Euroclear UK & Ireland will be able to continue its Irish securities settlement services after March 2019 in a no-deal Brexit scenario. Euroclear UK & Ireland's recognition will apply from 30 March 2019 to 30 March 2021, by which time it is expected that the Irish securities market will have migrated to Euroclear Bank.
Euroclear UK & Ireland is working with the European Central Bank and the Central Bank of Ireland regarding continued euro settlement services in a no-deal Brexit scenario and will update clients in due course.