Home / Financial Services

Legal News

EU’s Barnier rejects UK proposals for equivalence framework

Copyright © 2025 LexisNexis

Published on: 01 July 2020

Published by LNB News

LNB News 01/07/2020

Document Information

Issue Date: 01 July 2020

Published Date: 01 July 2020

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union

Article summary

The EU’s chief Brexit negotiator, Michel Barnier, has rejected UK proposals for a legally enforceable regulatory co-operation framework on financial services. In an address given remotely to the Eurofi General Assembly, he said there was no way that Member States or the European Parliament would accept the UK’s attempts to frame the EU’s process for withdrawing equivalence decisions and limit the scope of the prudential carve-out.

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin