Financial Services: UK Relations with EU
The question
To ask the Secretary of State for Business and Trade, what metrics are used to evaluate UK participation in joint regulatory co-operation forums with the European Union.
Answered by Blair McDougall
The Government does not use a single fixed set of metrics. A range of data is utilised, including the importance of sectors impacted and the level of regulatory burden businesses are facing. The UK-EU Trade Cooperation Agreement (TCA) includes a series of Annual Trade Specialised Committees (TSCs). Agendas and minutes are published here. Regulatory cooperation takes place across these committees. More information on the UK-EU Trade Partnership Council can also be found here. The Domestic Advisory Group, which advises on implementation of the TCA, also monitors the TCA’s operation, including regulatory cooperation.
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