2 Amendments of Niels FUGLSANG related to 2020/2023(INI)
Amendment 21 #
Draft opinion
Paragraph 5
Paragraph 5
5. Believes it to be in both Parties’ mutual interests to establish an ambitious future economic partnership covering a wide number of sectors; underlines that, in any case, a level playing field must be ensured and EU standards safeguarded in order to avoid a ‘race to the bottom’ and the acquisition of unfair competitive advantages through the undercutting of levels of protection or other regulatory divergences; calls also for a commitment to common efforts to fight tax evasion, tax avoidance and harmful tax practises with the UK being held to the same standards after the transition period as a third country as its overseas territories currently are held; considers that any future framework should safeguard fair competition, investor and consumer protection, and the integrity of the single market, while respecting the EU’s regulatory regime and decision-making autonomy;
Amendment 53 #
Draft opinion
Paragraph 6
Paragraph 6
6. Recalls, in the context of financial services, that passporting rights, which are based on mutual recognition and harmonised prudential rules in the internal market, will cease to apply between the EU and the UK at the end of the transitional period; underlines that, thereafter, access to the European financial market must be based on equivalence decisions made within the EU’s legal framework; recalls that the Commission is currently updating its methodology for identifying high risk third countries under Article 9 of Directive (EU) 2015/849, the 5th Money Laundering Directive; notes that the UK is not within the scope of this list under the transition period; urges that the UK with its overseas territories continuously commits to the EU framework on AML/CFT after the transition period;