This Chapter examines the status of regulatory cooperation between the European Union (EU) and the United Kingdom (UK) in financial services, the UK’s participation in EU programmes, and social security coordination. Those areas are essential in interdependent, open economies and societies. Yet, they are only covered in a limited way in the Trade and Cooperation Agreement (TCA). Instead, commitments or provisions are found in Joint Declarations, Protocols or draft protocols, and refer to future cooperation framework, like a Memorandum of Understanding which now established a framework for EU-UK Financial Services Regulatory Cooperation. If the developments observed in 2023, with the approval of the Windsor Framework and a more constructive EU-UK relationship, got us out of the status quo in financial services and opened the UK’s access to EU programmes, there should be a strong commitment by both parties to ensure the continuity and stability of cooperation in such areas.
Reference: Petit, Christy Ann, « Regulatory Cooperation, Social Security Coordination, and Participation in Union Programmes. » Brexit Institute Working Paper Series No. 7/2023.
Author: Dr. Christy Petit, Deputy Director of the DCU Brexit Institute, Assistant Professor at the School of Law and Government of Dublin City University, DCU Brexit Institute.
This text has originally been published on the DCU Brexit Institute website.
