Financial Services

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 discussions have taken place between UK and EU regulators on progressing the 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 made unilaterally by both the European Commission and Her Majesty’s Government. HM Treasury have engaged constructively and are working with our UK regulators to support HM Treasury’s ongoing equivalence assessments of the EU.

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