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UK and EU Sign MOU on Financial Services

27 March 2023
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UK and EU Sign MOU on Financial Services

The UK Government and European Union have signed a Memorandum of Understanding (MOU) establishing a framework for financial services regulatory cooperation between both parties.

The MOU is based on a shared objectives of preserving financial stability, market integrity, and the protection of investors and consumers, which aim to be achieved through:

  • Bilateral exchanges of views and analysis relating to regulatory developments and other issues of common interest;
  • Transparency and appropriate dialogue in the process of adoption, suspension and withdrawal of equivalence decisions;
  • Bilateral exchanges of views and analysis relating to market developments and financial stability issues; and
  • Enhanced cooperation and coordination including in international bodies as appropriate
  • The progress of the partnership in achieving these objectives will be reported at a Joint EU-UK Financial Regulatory Form (“the Forum”).

Firms can stay attuned to developments in the UK-EU partnership.
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