Category Archives: Services & the Single Market
Sub-categories
Chapter 5: Regulatory framework Section 1: Domestic regulation Article SERVIN.5.1: Scope and definitions 1. This Section applies to measures by the Parties relating to licensing requirements and procedures, ...
Section 5: Financial services Article SERVIN.5.37 Scope 1. This Section applies to measures of a Party affecting the supply of financial services in addition to Chapters 1, 2, 3 and 4 of this Title, and to Sections 1 ...
ANNEX SERVIN-4: CONTRACTUAL SERVICE SUPPLIERS AND INDEPENDENT PROFESSIONALS 1. Each Party shall allow the supply of services in its territory by contractual service suppliers or independent professionals of the other ...
ANNEX SERVIN-6: GUIDELINES FOR ARRANGEMENTS ON THE RECOGNITION OF PROFESSIONAL QUALIFICATIONS SECTION A: General Provisions Introduction 1. This Annex contains guidelines for arrangements on the conditions for the ...
Guidance Place of supply of services (VAT Notice 741A) This notice explains how to determine the place of supply of your services and how to deal with supplies of services which you receive from outside the UK. ...
General Review Every business is unique. In some cases, a business may have carved out a niche in a cross-border business that relies in some way on European Union-based rights and freedoms that will no longer be ...
Brussels, 7 July 2020 REV2 – replaces the notice (REV1) dated 8 February 2018 NOTICE TO STAKEHOLDERS WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF ASSET MANAGEMENT Since 1 February 2020, the United ...
Effect of Brexit In the absence of no Brexit or a very limited Brexit, it appears that the general EU right to provide services based on the establishment in one state in other states and to establish branches and ...
Regulation of Services The regulation of services usually involves the authorisation, licensing and qualifications of the service provider. This may involve the authorisation or licensing of a company or firm, an ...
VAT on Services The position in respect of VAT on services is complicated and depends on the particular service involved. The position is dealt with in detail in other sections of this website. The UK proposes to ...
Overview: key features of the UK position In our White Paper, we describe these features as ultimately achieving: Principle of autonomy; Each Party to determine its own rulebook and assess whether access to its ...
EU Financial Services Legislation Most EU legislation on financial services is agreed between the European Parliament and (the member states in) the EU Council. Most decisions are taken by a qualified majority vote. ...
Supervisory Authorities Three European supervisory authorities (ESAs) were formed as part of the European Union banking reforms following the financial crisis. The ESAs are part of the ESFS (European System of ...
Financial Collateral A Directive on financial collateral seeks to reduce credit risk in collateral financial transactions between financial institutions. The purpose is to provide for the rapid and informal ...
Regulation of Credit Institutions Credit institutions authorised in one EU state may provide services in other EU states. An institution established in one state which wishes to establish a branch in another state ...
UCITS UCITS are undertakings for collective investment in transferable securities. UCITS are usually undertakings with the sole object of collective investment in transferable securities or other liquid financial ...
Regulation The European Union has legislated in relation to insurance services. As part of the freedom of movement of capital and freedom to provide services, there is legislation setting down common principles of ...
Investment Services The granting and the renewal of authorisations for investment firms is undertaken in the home member state. The competent authority (the central bank) must ensure that the investment firm has ...
AIF Managers Authorisation A 2011 directive regulates managers of alternative investment funds. The purpose is to ensure an internal market for these managers while putting in place a harmonized regulatory ...
Listing of Securities EU directives have laid down common standards for stock exchange listing requirements. The rules provide for the information that must be published when companies are first admitted to the ...
Consumer Credit Directive EU states must ensure persons offering credit obtain authorisation. They must be regulated and inspected; Bodies must be established to provide information and advice to consumers in ...
Payments Market Framework An EU directive aims to establish a framework for the creation of an integrated payments market. It covers payment service providers established in the EU. It covers payments in euro and ...
Services and investment The UK is world leading in many services sectors, including legal, business and financial services. In 2017, services made up 79 percent of total UK GVA worth £1.46 trillion.10 In 2017, 21 ...
EU Treaty Rights to Establish and Provide Services A key right under European Union (EU) law is the right of a business established in one EU state to establish itself in another state. A business from outside the ...
Authorisation Scheme for Establishment Authorisation schemes and other requirements are permitted in respect of establishment in another EU state. An establishment involves the pursuit of an economic activity for an ...
Permissible Requirements I EU member states must respect the right of service providers in another EU state, to provide services in a member state other than that in which they are established. The member state in ...
The Services Directive European Union law gives businesses established in one European Union country the freedom to provide services in or provide services to another European Union country. Numerous directives and ...
Obligations to Facilitate Service Providers EU states are obliged to simplify administration in relation to the provision of services. States must examine the procedures and formalities applicable to the receipt of ...
Obligations on Providers The provider of a service must provide information in relation to various matters. In some cases, the service provider must provide the service recipient with certain key information in ...
Approach to Qualifications The EU has introduced sector-specific and general qualifications legislation in relation to recognising diplomas, qualifications, and equivalent awards. There are two different approaches ...
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