Circulars 2016 policy year

Preparations in anticipation of the United Kingdom leaving the European Union.

It has become clear that members and their brokers are not using the fax to communicate with ITIC. The decision has therefore been taken to turn off the fax number on 1st January 2019. 

Please note that following the US decision to pull out of the JCPOA, US secondary sanctions have snapped back into place (primary sanctions were never lifted).  The sanctions snapped back in two parts - 90 days and 180 days. The 90 day snap back was 7 August 2018 concerning metals, money and cars.

In December 2017, a circular was sent to all members and brokers explaining that ITIC would need to make arrangements in order to continue to trade in Europe after Britain’s exit from the EU. ITIC is committed to continuing to do business in Europe post Brexit as, approximately, 30% of the membership is in EU27. We will ensure that after Brexit, ITIC’s members in the EU will continue to receive the high quality product and service to which they have become accustomed.

The General Data Protection Regulation (GDPR) will come into force on 25 May 2018 and will have direct effect in the European Union (EU), including the United Kingdom (UK) and the European Economic Area (EEA).