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    EIOPA and UK Agree on Post-Brexit Cooperation and Information Sharing

    March 05, 2019

    EIOPA, FCA, and PRA agreed on the Memoranda of Understanding (MoUs) for supervisory cooperation and exchange of information between the UK authorities and EU insurance supervisors in the event of the Brexit without a withdrawal agreement and implementation period.

    The agreements consist of the following:

    • A multilateral MoU with EU and European Economic Area (EEA) national competent authorities, covering supervisory cooperation, enforcement, and information exchange between UK and EU or EEA national supervisors
    • An MoU with EIOPA, covering information exchange and mutual assistance between the UK authorities and EIOPA in the field of insurance regulation and supervision

     

    Related Link: Press Release

    Keywords: Europe, EU, UK, Insurance, MoU, Supervisory Cooperation, Information Exchange, EIOPA, FCA, PRA, BoE

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