Europe

EU cannot complete assessment on financial market access for UK, says official

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European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman

LONDON, Dec 24 (Reuters) - The European Union cannot yet complete its assessments for granting Britain access to the bloc's financial market despite London and Brussels agreeing a trade deal, a European Commission official said on Thursday.

The EU executive said it wants a "series of further clarifications" on how Britain will diverge from EU rules after Dec. 31.

"For these reasons, the Commission cannot finalise its assessment of the UK's equivalence in the 28 areas and thus will not take decisions at this point in time. The assessments will therefore continue," the official said.

Reporting by Huw Jones; Editing by Alex Richardson

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