PARLIAMENTARY WRITTEN QUESTION
(20 November 2024)
Question Asked
Asked by:
Mark Garnier (Conservative)
Answer
The UK has granted market access to certain retail funds from the European Economic Area under the Overseas Funds Regime. Decisions regarding market access for UK firms or products into the European Union are an autonomous decision for the European Union. The government has committed to reset the UK’s relationship with the European Union through strengthening ties, securing a broad-based security pact, and improving conditions for trade and investment. This recognises the inter-connectedness of our markets and ensures that our approach to financial services supports growth and delivers investment.
Ministers and officials at HM Treasury continue to engage regularly with the European Union and Governments in other jurisdictions, including through Economic and Financial Dialogues, to address barriers to UK financial services products being marketed abroad, and to promote the UK’s world-leading financial services sector.
Answered by:
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1 January 1970
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