ESMA withdraws registration of DTCC Data Repository (Ireland) plc

31/03/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today withdrawn the trade repository (TR) registration of DTCC Data Repository (Ireland) PLC (DDRIE).

DDRIE has been registered as a TR since 1 March 2019. Its registration was part of the Brexit contingency plan of DTCC Group to ensure continuity of services in the European Union in case of a no-deal Brexit.

 

As the no-deal Brexit scenario did not materialise, this withdrawal decision follows DDRIE’s official notification to ESMA on 3 February 2020 of its intention to renounce its registration as a TR under the conditions set out in Article 71(1)(a) of EMIR.

Point (a) of Article 71(1) of EMIR provides that without prejudice to Article 73, ESMA shall withdraw the registration of a trade repository where the trade repository “expressly renounces the registration or has provided no services for the preceding six months”.

ESMA has updated its list of authorised trade repositories in the EU.

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