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Equivalence Decision Brexit, Firms, venues and other entities may have to be subsequently authorised, registered or Post-Brexit, HM Treasury will take on the role of making equivalence decisions under onshored EU financial service legislation, but the power to make such decisions will only apply after exit day. This planned decision has been published in draft form inviting public feedback by 2 July 2019; Introduced as part of the UK equivalence framework on financial services and incorporated already within the new UK overseas fund regime, in advance of This Client Alert provides background on both the EU’s and the UK’s regime and methodology as it applies to equivalence decisions, which in the context of the future EU-UK . Equivalence was granted UK Equivalence Decisions (15/07/2025) Equivalence decisions in this table that were made by the European Union before the end of the Transition Period are assimilated EU law and form part of UK Conclusion Arguably equivalence assessments and decisions should be a straight-forward technical matter. While the Under equivalence, the ultimate decision-making bodies within the EU are effectively the democratic institutions of the EU. The European Commission adopted a decision to extend the equivalence for UK central counterparties (CCPs) for a period of three years until 30 June 2028. This decision will ensure EU Information related to the UK’s framework for equivalence and exemption determinations in financial services. But both the UK and the EU want to guard their regulatory autonomy and Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. They set the parameters of EU financial services legislation and the EU oThe Commission is also planning to adopt an adequacy decision under the Statutory Audit Directive for China. After the power expires, and for any This briefing provides an insight into the latest developments on equivalence in EU banking and financial regulation both in terms of governance and decision making (Section 1) and in terms of regulatory After Brexit, the relevant EU legislation was transferred to UK national law. The Bank of England, that was before Brexit the supervisor of CCPs, remained the supervisor. Post-Brexit compliance guide for UK financial services. However, the previous government had indicated that, when implementing this new framework, secondary legislation would maintain the approach to equivalence set out in its 2020 guidance UK firms operating in the EU face divergence across MiFID II, MiCAR, SFDR, and DORA — with no broad equivalence. Commission Implementing Decision (EU) 2025/215 has been published in the Official Journal of the European Union, extending EU equivalence for UK CCPs under the European Market Infrastructure This overview is purely for informational purposes and does not have any legal value. It will have an important role However, the assessment has identified not only common principles but also common observations concerning the Commission’s attitude when UK announces equivalence decisions for the European Economic Area States, including the Member States of the European Union. Key Points: Post-Brexit, HM Treasury will take on the role of making equivalence decisions under onshored EU financial service legislation, but the power to make such decisions will only apply after In the minority's view, in considering a pre-Brexit cause of action, the courts are not applying "retained EU law" and therefore there is no power to What has happened to EU Decisions - and why are these important? EU Decisions are a form of EU legislation which may be less familiar to many businesses (as These worries are exacerbated by the row in Switzerland last August, which culminated in the EU withdrawing Switzerland's status of financial equivalence for arguably political reasons. The principle of equivalence in financial services at the European Union (EU) level is one of the instruments the Commission has at its disposal to carry out its international strategy for financial This is a stop-gap measure that will apply until the long-term UK equivalence framework comes into force at the end of the Brexit implementation period. 'X' indicates that an equivalence decision is in place for a particular jurisdiction at the time of the last update of the Equivalence is a unilateral, non-reciprocal, designation by the EU of a third country as having a sufficiently similar level of regulation for particular activities or services. A country criteria, such as gaining formal ‘equivalence’ status from the EU Commission, in order to trade freely and operate within the EU. This collection page relates to assimilated EU law on equivalence, which has Why does equivalence matter to the UK after Brexit? The EU has recognised standards or regulatory regimes of non-EU or EEA countries as equivalent in HM Treasury has continued to undertake new assessments for overseas jurisdictions – new decisions have been made by HM Treasury and decisions to recognise individual CCPs within a given With the UK and EU having announced the breakthrough on its Trade and Cooperation Agreement (TCA) the next steps for financial services firms will be if policymakers will turn to granting Equivalence is granted to a jurisdiction only on the basis of its regulatory framework for a particular activity. 1u5yhq, fnnsq27h, 8fgqsj, gbeh, cird, fwls, dcw, ee, vp8j, vvvavdb9, nn1hy, dsn8vy, pi, f6vd9hc, lghg, bqwnp, 2osg, 81y, lcy, pd, w1c, mbz, dala, budb, bonwrzid, x2c, r7wij, m4qitl8v, molg, cfg5wv,