Institute for Government: UK–EU future relationship: the deal - Services
15 January 2021
What does the agreement say? What does it mean?
The UK and the EU have agreed to make commitments on:
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market access for services
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national treatment (prohibiting discrimination between their nationals)
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local presence (banning parties from requiring a local subsidiary to be set up before services can be provided).
Financial services market access is subject to a complete carve-out for
prudential measures. The UK and the EU agree in a non-binding
declaration to establish a framework for regulatory co-operation.
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