Financial Services: UK Relations With EU

Treasury written question – answered on 27th May 2020.

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Photo of Nickie Aiken Nickie Aiken Conservative, Cities of London and Westminster

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.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

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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