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EU 'no-deal Brexit' contingency action plan......>

EU
EU: EU 'no-deal Brexit' contingency action plan released. Items include
recognising residency of UK citizens in EU, etc. Re financial services:
- A temporary and conditional equivalence decision for a fixed, limited period
of 12 months to ensure that there will be no immediate disruption in the central
clearing of derivatives.
- A temporary and conditional equivalence decision for a fixed, limited period
of 24 months to ensure that there will be no disruption in central depositaries
services for EU operators currently using UK operators.
- Two Delegated Regulations facilitating novation, for a fixed period of 12
months, of certain over-the-counter derivatives contracts, where a contract is
transferred from a UK to an EU27 counterparty.

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