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The AEMF has concluded 30 delegation agreements entrusted to the AEMF with regard to the provision of a central facility for data on instruments and trade, as well as the calculation of transparency and liquidity thresholds in accordance with Regulation (EU) 600/2014 and the one-stop shop for central repository data, in accordance with Regulation (EU) No. 648/2012. A specific overview of these delegation agreements is available in the document. The international work of the AEMF has focused on equivalency assessments, development and the conclusion of cooperation agreements, as well as preparing for the renewal of the passport regime for alternative investment fund managers (AIFMD). Over the past year, the AEMF has negotiated and concluded agreements between the EU`s financial market supervisory authorities and their global partners responsible for overseeing central counterparties and central counterparties. In this regard, funds and fund managers may be interested in the fact that the European Commission has updated, on 7 July 2020, its communication to stakeholders, which the UK withdraws, and EU asset management legislation (here). This communication also addresses the issue of delegation agreements and reminds stakeholders of the importance of ensuring that transfer agreements do not result in the creation of mailboxes. The European Securities and Markets Authority (ESMA) and the European Securities Commissions have memorandums of understanding with the Financial Conduct Authority (FCA) of the United Kingdom (UK). The CEE countries are part of the authorities` preparations if the UK leaves the EU without a withdrawal deal, the scenario of a non-Brexit deal. MoUs will therefore only be effective in the event of a non-Brexit scenario. The financial statements are similar to those already concluded in the context of the exchange of information with numerous supervisory authorities of third countries.

These agreements cover the content of regulatory cooperation agreements necessary to enable transfer to the UK through UCITS and managers, as well as outsourcing under miFID. Indeed, the multilateral agreement with the EU and the NCAs will allow the outsourcing and delegation of fund managers to continue to be carried out by ENTITIes established in the United Kingdom on behalf of counterparties established in the EEA. This is an important milestone for post-Brexit delegation agreements and clarity for asset managers who want to conclude contingency plans. The AEMF statement also called on financial market participants to complete preparations and implement appropriate contingency plans before the end of the transition period, and also said it would continue to review its statements on Brexit, including on operational issues. She will continue to communicate when the time comes. On 1 February 2019, the AEMF and the EU`s national financial market supervisors announced that the soft forces were in cooperation and in exchange for information with the UK CMA in case the UK left the EU without a withdrawal agreement. On 31 January 2020, when the withdrawal agreement came into force and the UK entered a transitional period during which EU legislation continues to apply in the UK and UK, these pecos were not obliged to enter into force. On 1 February 2019, the AEMF and the EU`s national financial market supervisors announced that the soft forces were in cooperation and in exchange for information with the UK CMA in case the UK left the EU without a withdrawal agreement.