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CPTPP Chapter 11: National Treatment, MFN and market access for financial services; cross-border supply, prudential carve-outs and non-conforming measures (with UK accession commitments)

Practice notes
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This Practice Note sets out practical guidance on the commitments on trade in financial services undertaken by Member States under the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP). It covers National Treatment, Most-Favoured-Nation (MFN), market access, Member State-specific commitments, non-conforming measures and exceptions.

Introduction

The Comprehensive and Progressive Trans-Pacific Partnership Agreement regulates various trade-related matters for participating Member States. In the area of trade in services, the approach is that all services are liberalised unless a Member State has expressly excluded them from liberalisation due to stated non-conforming measures. For guidance on this, see Practice Note: Trade in services under the Comprehensive and Progressive Trans-Pacific Partnership Agreement. Chapter 10, which governs trade in services, does not apply to financial services. Chapter 11 specifically governs trade in financial services.

Scope of financial services

The commitments in financial services under Chapter 11 apply to measures adopted or maintained by a Member State that relate to:

  • a financial institution regulated under the law of another Member State
  • an investor of another Member State, as well as investments of...
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Web page updated on 21/05/2026

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