Question to the HM Treasury:

To ask Her Majesty's Government what consideration they have given to securing a permanent equivalence agreement with the EU for financial services, and to other positions if this is not achieved.

We are committed to concluding a full range of equivalence assessments by June 2020 as we agreed with the EU. Equivalence will be a key part of our future relationship with the EU, and we are clear that it is an autonomous and technical process, which should proceed in a way that builds trust and dialogue between both sides.

In addition, we are willing to look at regulatory and supervisory cooperation arrangements that reflect the level of access between our markets, and seek to establish processes for dialogue on equivalence.