Jurisdiction(s):
United Kingdom

UK–India CETA Chapter 9: financial services—scope, market access, national treatment, authorisation and transparency, prudential exceptions and recognition

Published by a LexisNexis International Trade expert

Practice notes

This Practice Note offers practical guidance on the UK and India’s commitments on trade in financial services under the UK‑India Comprehensive Economic and Trade Agreement (UK‑India CETA). As such, it covers National Treatment, Most Favoured Nation (MFN), market access, specific commitments by each party, and transparency.

Introduction

Under the UK‑India CETA, the parties undertook obligations across multiple trade areas, including trade in goods, services, trade remedies, sanitary and phytosanitary measures, and technical barriers to trade. The parties also adopted specific commitments on trade in services in general. For related guidance, see Practice Note: Trade in services under the UK‑India CETA. However, those commitments do not apply to trade in financial services. Instead, the parties made very specific commitments on trade in financial services under chapter 9 of the UK‑India CETA.

Which financial services are covered by the UK-India CETA

The agreement defines financial services as any service of a financial nature offered by a financial service supplier of a party. Financial services include all insurance and insurance‑related services, and all banking and other financial services (excluding insurance). Financial services include the following activities:

insurance and...

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Web page updated on 22/05/2026

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