We will continue to work with HM Revenue and Customs (HMRC) to review the impact of SCC on estimates of goods imports from the EU in 2022 and consider any adjustments that may be required.

When looking at the chapter level there was – in comparison with 2021 – an increased number of chapters in 2022 where ONS figures were either 5% or 10% above those published by Eurostat (Table 1).But it is important that you consider whether information your organisation or department has, creates or may want to disclose, could be inside information, even if this analysis causes some delay. When comparing the asymmetry between ONS and Eurostat data for Chapter 87, we can see that there was a notable divergence at the start of 2022 (Figure 2). We aim to provide a further update on our investigations into the impact of SCC on goods imports from the EU in June 2023. AFME staff work with member firm representatives comprising the Equities Board and the Securities Trading Committee on projects ranging from informal discussion groups to formal responses to policy maker consultations.

However, you can only disclose inside information where it is necessary to do so in the normal exercise of employment, a profession or duties (See MAR, Article 10 ( Unlawful disclosure of inside information), MAR Article 14 and case law - Grøngaard and Bang (Case C-384/02) [2005] ECR I-9939). The observed pattern is complex, and we have determined that most chapter-by-country data series fall into one of three scenarios, as outlined in Section 4: Categorising the impact of Staged Customs Controls. Using SPIRE, you can apply for an export or trade licence for your activities and items if you require a licence for the wide range of "strategic" goods (such as security items, military goods, civilian products designed with a military use or purpose, firearms, police and paramilitary goods, radioactive sources and much more). However, relying solely on machine learning algorithms for decision-making can have negative consequences, especially in a critical . If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year.These mainly consisted of imports of motor cars and vehicles for transport of fewer than 10 people, parts and accessories for large vehicles and motor vehicles for the transport of goods.

Firearms, including some military goods such as cannons, torpedoes and missiles, that require an import licence issued by the Import Licensing Branch of the Department for Business and Trade, with the exception of some air rifles and pistols. For example, you could inadvertently disclose inside information without expressly mentioning the facts, but by communicating something which allows the recipient to guess it. Full customs controls were introduced in January 2022, as such, July 2022 marked the first full month of data where delayed customs declarations submitted under SCC could not be included.

We recommend that you review your operating policies and procedures to ensure they enable your organisation to manage the operational, reputational and legal risks from handling inside information. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. Arrangements for movements from Ireland and in some cases Northern Ireland to Great Britain will change from 31 January 2024. In 2021, the use of Staged Customs Controls (SCC) allowed customs declarations to be reported up to 175 days after the date of import for imports of non-controlled goods from the EU to Great Britain (GB).