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Financial Services: UK Relations with EU

Question for Treasury

UIN 48630, tabled on 18 May 2020

To ask the Chancellor of the Exchequer, what progress the (a) UK and (b) EU has made in concluding equivalence assessments for financial services by the June 2020 deadline set out in the Political Declaration on the future relationship with the EU.

Answered on

27 May 2020

Equivalence assessments are unilateral processes and thus not part of the ongoing negotiations on the future UK/EU partnership. The UK and EU are currently conducting their own assessments in line with their internal processes, and collecting information from the corresponding authorities.

Answered by