On July 14, the European Commission (the Commission) published an updated version of its notice to stakeholders on the consequences of the United Kingdom’s (UK) withdrawal from the European Union (EU) (Brexit) on the EU’s rules in the field of post-trade financial services (the Notice).

The Notice has been updated to address the legal situation and practical implications that the end of the Brexit transition period on December 31 will have on the financial services sector. It covers derivatives, trade repositories and reporting, and central securities depositories and securities settlement systems.

The Notice is available here.