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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 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
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
EU/Rest of the World Equivalence
EU/Rest of the World Equivalence Tracker
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