Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 September 2021 to Question 38132, on Financial Services: EU Action, what progress has been made in the UK and EU on signing the Memorandum of Understanding on financial services; what timeframe has been agreed for greater regulatory cooperation on financial services; and if he will make a statement.
As detailed in the answer to Question 38132, technical discussions on the text of the Memorandum of Understanding on financial services regulatory cooperation have concluded. The Government is ready to sign but further steps are required on the EU side before the MoU will come into effect and the UK-EU Forum can be convened.