UK-Australia FTA Chapter 9: Financial Services
Text of chapter 9 and associated annexes of the Free Trade Agreement (FTA) between the United Kingdom of Great Britain and Northern Ireland and Australia.
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This chapter contains provisions that lock in the existing openness in financial services between the UK and Australia. This provides greater legal certainty and maximises UK companies’ ability to continue to deliver high-value financial services to clients in Australia.
The agreement also establishes new world leading terms for closer regulatory cooperation to increase interaction and strengthen the relationship between UK and Australian regulators.
Commitments have been made for UK financial service providers and, in particular, non-life insurance providers. This goes further than the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other FTAs Australia has signed.