On 13 June 2018, HM Treasury published a letter that it had sent to the chair of the House of Commons’ European Scrutiny Committee, Sir William Cash MP. In the letter HM Treasury discusses the position as regards UK representation in the European Supervisory Authorities (ESAs) during the implementation period.
HM Treasury states that the text agreed with the Commission in March would allow the UK to participate in the ESAs during the implementation period. However, such attendance would only be on invitation and provided that:
- the discussion concerns individual acts to be addressed during the implementation period to the UK or to natural or legal persons residing or established in the UK; or
- the presence of the UK is necessary and in the interest of the Union, in particular for the effective implementation of Union law during the implementation period.
The UK would also not have any voting rights in these meetings.