United Kingdom and the European Union

ESMA sets out final position on Share Trading Obligation

Monday, October 26, 2020 - 4:04pm

The statement outlines that the trading of shares with a European Economic Area (EEA) ISIN on a UK trading venue in UK pound sterling (GBP) by EU investment firms will not be subject to the EU STO.

Key Points: 
  • The statement outlines that the trading of shares with a European Economic Area (EEA) ISIN on a UK trading venue in UK pound sterling (GBP) by EU investment firms will not be subject to the EU STO.
  • This currency approach supplements the EEA-ISIN approach outlined in a previous ESMA statement of May 2019.
  • ESMA, based on EU-wide data, regards that such trading by EU investments firms occurs on a non-systematic, ad-hoc, irregular and infrequest basis.
  • ESMA however notes that the scope of the UK STO after the end of the transition period remains unclear at this stage.

ESMA sets out final position on Share Trading Obligation

Monday, October 26, 2020 - 1:04pm

The statement outlines that the trading of shares with a European Economic Area (EEA) ISIN on a UK trading venue in UK pound sterling (GBP) by EU investment firms will not be subject to the EU STO.

Key Points: 
  • The statement outlines that the trading of shares with a European Economic Area (EEA) ISIN on a UK trading venue in UK pound sterling (GBP) by EU investment firms will not be subject to the EU STO.
  • This currency approach supplements the EEA-ISIN approach outlined in a previous ESMA statement of May 2019.
  • ESMA, based on EU-wide data, regards that such trading by EU investments firms occurs on a non-systematic, ad-hoc, irregular and infrequest basis.
  • ESMA however notes that the scope of the UK STO after the end of the transition period remains unclear at this stage.

Background - EU farm policy reform as approved by MEPs

Saturday, October 24, 2020 - 12:07am

On Friday, Parliament adopted its position on the future EU Farm policy and for the upcoming talks with EU ministers.

Key Points: 
  • On Friday, Parliament adopted its position on the future EU Farm policy and for the upcoming talks with EU ministers.
  • This background note provides further information on:
    the measures that farmers should take to better protect the environment,
    how to distribute EU funds more fairly,
    how to help farmers on the ground by providing targeted advice,
    who should get EU-funded direct payments,
    how much flexibility national governments will have in transferring EU money,
    how to better prepare farmers to cope with future crises,
    what rules will change regarding the wine sector,
    whether meat-related terms can be applied to plant-based products, and
    how to better control compliance with EU rules while cutting red tape.

Article - Deal on EU-UK relations must not compromise EU values

Thursday, October 22, 2020 - 12:07am

Chief Brexit negotiator Michel Barnier said that the EU will continue pursuing a deal that is mutually beneficial.

Key Points: 
  • Chief Brexit negotiator Michel Barnier said that the EU will continue pursuing a deal that is mutually beneficial.
  • Withdrawal agreement must be fully respected

    MEPs stressed the importance of reaching an agreement without compromising the EUs interests and values.

  • Covid-19 recovery plan

    MEPs also discussed other issues tackled by EU leaders during the 15-16 October summit, including the pandemic and long-term budget.

  • "Stop bullying the European Parliament by accusing us, through fake news, of being the ones blocking an agreement.

Does Brexit Mean CXit? CX Teams Must Prepare to Embrace No Deal Brexit Says Sabio

Tuesday, October 20, 2020 - 8:00am

Sabio Group , Europes leading full service CX provider, has today set out the key elements that CX teams need to address as they prepare to embrace the impact of a No Deal Brexit from January 2021.

Key Points: 
  • Sabio Group , Europes leading full service CX provider, has today set out the key elements that CX teams need to address as they prepare to embrace the impact of a No Deal Brexit from January 2021.
  • Sabios new white paper, sets out the need for a Brexit Service Strategy that directly addresses customer concerns about potential post-Brexit disruptions.
  • sets out both the scale of the task ahead, and clear guidance on how to plan your CX service strategy for a No Deal Brexit.
  • Sabio Group, which includes Sabio, Dvelp, flexAnswer and Coverage Group, delivers solutions and services that seamlessly combine digital and human interactions to support outstanding customer experiences.

UK's importers & exporters need to take action now to mitigate their foreign exchange costs in the run up to BREXIT, warns Hamilton Court FX - a leader in bespoke currency solutions to businesses operating abroad

Saturday, October 17, 2020 - 11:35am

That is the feedback received by boutique consultancy, Hamilton Court FX.

Key Points: 
  • That is the feedback received by boutique consultancy, Hamilton Court FX.
  • Hamilton Court FX COO, Mark Palmer, said:"We have been receiving feedback from our clients for a year or more, on their frustration with Government over Brexit advice.
  • There is no one size fits all answer here, which is why businesses need to speak to someone.
  • Hamilton Court FX is one of the UK's leading providers of foreign exchange transactional advice and delivery.

A Surge in Coronavirus Cases is Increasing the Pressure to Seal a Post-Brexit Trade Deal

Wednesday, October 14, 2020 - 7:30pm

A surge in coronavirus cases is increasing the pressure to seal a post-Brexit trade deal.

Key Points: 
  • A surge in coronavirus cases is increasing the pressure to seal a post-Brexit trade deal.
  • It is predicted that the COVID-19 outbreak will cut Britain’s GDP by 2.2% below anticipated pre-pandemic levels.
  • However, without a trade deal, the cost of Brexit could increase to 3.9% of GDP in the long run.
  • To see the full article and a list of related reports on the market, visit "A Surge in Coronavirus Cases is Increasing the Pressure to Seal a Post-Brexit Trade Deal"
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data.

Remarks by President Charles Michel at the joint press conference with Micheál Martin, Taoiseach of Ireland

Friday, October 9, 2020 - 8:01am

And I would like to warmly thank you for your welcome and for your hospitality.

Key Points: 
  • And I would like to warmly thank you for your welcome and for your hospitality.
  • We had very constructive discussions on many important topics and, of course, we also tackled Brexit.
  • The EU stands in full solidarity with Ireland and this is especially true when it comes to the full implementation of the Withdrawal Agreement and the Protocol on Ireland and Northern Ireland.
  • The Good Friday Agreement, the peace and stability of the island of Ireland and the integrity of the single market.

Hamilton Court FX COO advises how import & export businesses can ring-fence foreign exchange exposure in times of economic turbulence, as we move towards the BREXIT deadline

Friday, September 25, 2020 - 9:00am

Brexit is such a large variable for clients that do business not just with the EU, but globally.

Key Points: 
  • Brexit is such a large variable for clients that do business not just with the EU, but globally.
  • Businesses that don't hedge, will not give themselves price certainty on the goods or services that they're buying or selling.
  • Our clients are across a range of sectors with turnovers between 5-500m, and we are regulated by the FCA.
  • Hamilton Court FX is one of the UK's leading providers of foreign exchange transactional advice and delivery.

European Committee of the Regions launches UK Contact Group

Wednesday, September 23, 2020 - 12:06am

The European Committee of the Regions (CoR) has launched a UK Contact Group intended to maintain lines of communication between local and regional authorities in the European Union and the UK's cities, regions and devolved administrations.

Key Points: 
  • The European Committee of the Regions (CoR) has launched a UK Contact Group intended to maintain lines of communication between local and regional authorities in the European Union and the UK's cities, regions and devolved administrations.
  • Thefirst meeting of the Contact Group, held by video conference on 22 September, was a preparatory meeting restricted to politicians from the 27 member states of the EU.
  • The EU is working towards achieving an agreement on future relations with the UK by 31 October.
  • The Contact Group is chaired by Log Chesnais-Girard(FR/PES), president of Brittany's regional council.
  • Brexit will have major consequences on many European regions and cities, like Brittany.
  • The UK Contact Group will invite representatives of UK local government and devolved parliaments and assemblies to its meeting, based on the agenda of each particular meeting.
  • The Contact Group may also take up invitations from UK local governments, devolved parliaments and assemblies to host meetings in the UK.