Financial Services: UK Relations with EU

(asked on 18th May 2020) - View Source

Question to the HM Treasury:

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 by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 27th 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.

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