The lonely Londoners: doubts plague UK quest for equivalence

Planned MoU won’t automatically bring equivalence, leaving firms in limbo for unknown duration

Four years, six months and nine days after the UK voted to leave the European Union, the country finally, practically speaking, left the single market. A transition period that had treated the departing nation as if it was still a member state lapsed on December 31.

Sine then, trading between UK and EU entities has been impeded by the lack of so-called equivalence determinations, through which the EU recognises the UK regulatory regime for various rules. That has led to restrictions being