UK-Norway, Iceland, and Liechtenstein FTA: joint declaration on financial services
Published 16 July 2021
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The Parties affirm their intention to support financial services market access through deference arrangements at each Party’s discretion[footnote 1].
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The Parties recognise that through the Agreement on the European Economic Area (EEA Agreement), the three EEA EFTA States – Iceland, Liechtenstein and Norway – participate fully in the Internal Market of the European Union (EU). The aim of the EEA Agreement is to achieve a homogeneous EEA based on common rules and equal conditions of competition. This involves the incorporation of EEA-relevant EU acts into the EEA Agreement and a two-pillar structure encompassing supervision and judicial control.
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The Parties also recognise that this internal market includes financial services and is based on the harmonisation of regulation for financial services between EEA Contracting Parties.
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Such arrangements include, but are not limited to, equivalence decisions. ↩