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Financial Services Regulatory: Equivalence Tracker

For further information, please visit our Brexit: Fresh Perspectives series

The UK's departure from the EU has created new uncertainties in EU-UK cross-border financial services. One such area is the regulatory landscape that EU and UK financial services firms will have to navigate when doing cross-border business into the EU and UK.

 

EU/UK Equivalence

EU/UK Equivalence Overview

This placemat provides an overview of the current state of play in respect of post Brexit equivalence decisions, as well as setting out the process for granting equivalence in both the EU and the UK and the legislative acts that contain powers to make such determinations.

EU/UK Equivalence Tracker

This tracker sets out the equivalence decisions that have been made between the UK and the EU to date. It contains links to the decisions and provides commentary.

Central Counterparties (CCPs) Placemat

London clearing houses currently handle the lion’s share of the circa €735tn European swaps and futures market.  In September 2020 the Commission deemed it necessary to grant time-limited equivalence so that EU financial institutions would have adequate time to reduce their exposure to UK market infrastructure beyond the end of the Brexit transition period.

 

UK/Rest of the World Equivalence

UK/Rest of the World Equivalence Tracker

This placemat sets out the equivalence decisions made by HM Treasury in respect of jurisdictions other than the EU.

 

EU/Rest of the World Equivalence

EU/Rest of the World Equivalence Tracker

This placemat sets out the equivalence decisions made by the Commission in respect of jurisdictions other than the UK.

 

 

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