Updated 23 October 2019

ICMA’s responses to Frequently Asked Questions (“FAQs”), to which links are provided below, consider certain issues that have been raised with ICMA in the light of the UK’s proposed exit from the European Union (“Brexit”).


See the ICMA Quarterly Assessment on Brexit: cliff-edge risks in international capital markets in the ICMA Quarterly Report for the Fourth Quarter 2018 (pages 6-13).

Global Master Repurchase Agreement

FAQs related to the GMRA and Brexit are available to ICMA members only on the ICMA website: ICMA Brexit related FAQs on the GMRA.

Primary markets

FAQs related to the primary markets are available to ICMA members only on the Primary Market Handbook and initial disclosure webpages: ICMA Brexit related FAQs on primary markets.

Secondary markets

FAQs related to the secondary markets are available on the Secondary Markets webpage: ICMA Brexit related FAQs on secondary markets.

See also the ICMA SMPC's Secondary Market Brexit Technical Working Group.

Asset management

FAQs related to asset management are available on the Asset Management webpage: ICMA Brexit related FAQs on asset management.

Note for ICMA members

Members will require their username and password which are held by your firm’s principal delegate.

Should you require any assistance, please contact the membership department on +41 44 363 4222 or at membership@icmagroup.org.

The information contained herein is provided for general guidance only and should not be relied upon as advice. Recipients acknowledge that ICMA does not provide legal or other advice and expressly disclaims any responsibility for the information. Recipients should obtain legal or other professional advice as appropriate.
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