Equivalence - Revision history

imported>Doug Williamson: Layout.

2022-12-28T06:14:46Z

Layout.

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	<span style="color:#4B0082">'''''Equivalence recognition unlikely'''''</span>		:<span style="color:#4B0082">'''''Equivalence recognition unlikely'''''</span>

	:"In addition to disrupting supply chains, Brexit has caused some fragmentation of banking activity for corporates.		:"In addition to disrupting supply chains, Brexit has caused some fragmentation of banking activity for corporates.
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	<span style="color:#4B0082">'''''Equivalence and passporting'''''</span>		:<span style="color:#4B0082">'''''Equivalence and passporting'''''</span>

	:"In brief, equivalence is the willingness of one regulator to accept that another regulator's rules achieve the same regulatory outcomes as their own, and so some element of cross-border activity can be allowed.		:"In brief, equivalence is the willingness of one regulator to accept that another regulator's rules achieve the same regulatory outcomes as their own, and so some element of cross-border activity can be allowed.

2022-12-28T06:14:12Z

Remove surplus text.

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	:"In addition to disrupting supply chains, Brexit has caused some fragmentation of banking activity for corporates.		:"In addition to disrupting supply chains, Brexit has caused some fragmentation of banking activity for corporates.

	:It seems increasingly unlikely that we shall see ‘equivalence’ recognition for UK/EU financial services that were not covered by the Trade & Cooperation Agreement.		:It seems increasingly unlikely that we shall see ‘equivalence’ recognition for UK/EU financial services that were not covered by the Trade & Cooperation Agreement."

	:Treasurers will want to monitor the expiry dates (some in 2022) of various temporary permissions that came into effect post-Brexit, and to ask their banks whether there may be any implications for corporate clients."

	:''The Treasurer magazine, Issue 4, 2021, p31 - Treasury in 2022.''		:''The Treasurer magazine, Issue 4, 2021, p31 - Treasury in 2022.''

2022-08-29T08:07:17Z

Add link.

2021-11-30T21:59:09Z

Add quote.

← Older revision		Revision as of 21:59, 30 November 2021
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	The significance of the equivalence concept, for UK financial services, is that the UK might choose, post-Brexit, to keep its regulatory regime closely aligned with the EU regime, in order to benefit from the possibility of equivalence.		The significance of the equivalence concept, for UK financial services, is that the UK might choose, post-Brexit, to keep its regulatory regime closely aligned with the EU regime, in order to benefit from the possibility of equivalence.


			<span style="color:#4B0082">'''''Equivalence recognition unlikely'''''</span>

			:"In addition to disrupting supply chains, Brexit has caused some fragmentation of banking activity for corporates.

			:It seems increasingly unlikely that we shall see ‘equivalence’ recognition for UK/EU financial services that were not covered by the Trade & Cooperation Agreement.

			:Treasurers will want to monitor the expiry dates (some in 2022) of various temporary permissions that came into effect post-Brexit, and to ask their banks whether there may be any implications for corporate clients."

			:''The Treasurer magazine, Issue 4, 2021, p31 - Treasury in 2022.''


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	== See also ==		== See also ==
	* [[Brexit]]		* [[Brexit]]
			* [[EU-UK Trade and Cooperation Agreement]]
	* [[European Economic Area]]		* [[European Economic Area]]
	* [[European Union ]]		* [[European Union ]]

2021-07-11T04:37:25Z

Add link.

2021-06-25T01:11:28Z

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← Older revision		Revision as of 01:11, 25 June 2021
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	* [[European Union ]]		* [[European Union ]]
	* [[Free movement of labour]]		* [[Free movement of labour]]
			* [[Harmonisation]]
	* [[Passporting]]		* [[Passporting]]
	* [[Prudential Regulation Authority]]		* [[Prudential Regulation Authority]]

2020-12-16T16:00:37Z

Add external link.

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	== Other links ==		== Other links ==
	[https://ukandeu.ac.uk/rethinking-uk-financial-services-regulation-after-brexit/ Rethinking UK financial services regulation after Brexit, UK in a Changing Europe, December 2020]		[https://ukandeu.ac.uk/rethinking-uk-financial-services-regulation-after-brexit/ Rethinking UK financial services regulation after Brexit, UK in a Changing Europe, December 2020]

			[https://www.instituteforgovernment.org.uk/explainers/future-relationship-equivalence UK-EU future relationships: options for equivalence, Institute for Government, February 2020]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

2020-12-16T15:45:57Z

Add external link,

← Older revision		Revision as of 15:45, 16 December 2020
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	* [[Schengen Area]]		* [[Schengen Area]]
	* [[Single Market]]		* [[Single Market]]


			== Other links ==
			[https://ukandeu.ac.uk/rethinking-uk-financial-services-regulation-after-brexit/ Rethinking UK financial services regulation after Brexit, UK in a Changing Europe, December 2020]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

2019-10-23T23:24:51Z

Classify page.

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	* [[Schengen Area]]		* [[Schengen Area]]
	* [[Single Market]]		* [[Single Market]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]

2017-03-13T10:48:54Z

Add quote from The Treasurer March 2017, p12.

← Older revision		Revision as of 10:48, 13 March 2017
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	The significance of the equivalence concept, for UK financial services, is that the UK might choose, post-Brexit, to keep its regulatory regime closely aligned with the EU regime, in order to benefit from the possibility of equivalence.		The significance of the equivalence concept, for UK financial services, is that the UK might choose, post-Brexit, to keep its regulatory regime closely aligned with the EU regime, in order to benefit from the possibility of equivalence.


			<span style="color:#4B0082">'''''Equivalence and passporting'''''</span>

			:"In brief, equivalence is the willingness of one regulator to accept that another regulator's rules achieve the same regulatory outcomes as their own, and so some element of cross-border activity can be allowed.

			:Equivalence must be agreed, but is subject to negotiation, market by market.

			:Passporting is the acceptance that once permitted to trade in one state, a business can trade in another without further compliance requirements."

			:''The Treasurer magazine, March 2017, p12 - Technical briefing.''