Exemption of UK financial entities from reporting obligations

Summary

The European Parliament has approved an exemption for the UK central bank and public debt management bodies from certain financial reporting requirements to prepare for Brexit.
10 13.03.2019
Other
economy
finance
european union

Key points

  • The European Parliament has decided not to object to new amendments regarding financial reporting exemptions.
  • The United Kingdom's central bank is being added to the list of entities exempt from certain duties.
  • Public bodies in the UK responsible for managing public debt will also receive these exemptions.
  • The exemption applies to specific reporting obligations for financial transactions.
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