The European Securities and Markets Authority (ESMA) wants to inform stakeholders that, following the European Council’s decision today extending the period under Article 50(3) relating to the United Kingdom’s (UK) withdrawal from the European Union (EU), its previous statements relating to its preparations for a no-deal Brexit on 31 October no longer apply.
However, given the nature of the current extension ESMA will issue further announcements and updated measures as matters develop.