The first meeting of the Specialised Committee on Financial Provisions (SCFP) was held today via video conference, co-chaired by officials from the European Commission and UK Government. This Committee was tasked by the first meeting of the Withdrawal Agreement Joint Committee held on 30 March to start work related to implementing the financial provisions in Part V of the Withdrawal Agreement.
The EU and the UK exchanged updates on the implementation of Part V of the Withdrawal Agreement, relating to financial provisions.
The EU and UK sides reaffirmed their commitment to complying with their legal obligations under the Withdrawal Agreement.
The two sides agreed to continue informal work on the information requirements set out in the financial provisions of the Withdrawal Agreement. They committed to continue working collaboratively on a range of technical issues in recognition of the mutual benefit of smooth implementation of the financial provisions of the Withdrawal Agreement.