Euronext would no longer be able to settle Irish securities at Euroclear’s London-based CREST once the UK leaves the European Union.
The regulatory approvals come ahead of Apex Fund Services planned acquisition of Ipes, expected to close at the end of the third quarter.
DTCC is the latest post-trade market infrastructure planning to move its European operations from London to Ireland.
EuroCCP will act as sole CCP for Euronext Dublin following its migration to the exchange group’s new cash markets trading platform Optiq.
The moves follow the recent appointment of James Nolan as group head of strategy and merger and acquisition.
Many custodians, fund administrators and market infrastructures are planning to expand their operations in the country to meet the growth of Irish-domiciled funds.
The bundled service includes fund administration, depositary and custody services to the new ETF platform.
Euroclear will instead look for an alternative solution to carry out settlement services after the UK leaves the EU.
Deutsche Bank names new head of securities services to be based in Dublin.
Euroclear announced plans for a new Irish CSD as it continues its preparation for the UK’s exit from the EU.