Access to Financial Services Markets Overseas Funds Regime Modifying or withdrawing equivalence
It may be necessary to revise the additional requirements from time to time, to account for material changes in the relevant regulatory regimes. For example, HM Treasury will consider adding further additional requirements in response to new FCA rules that apply to UK authorised schemes.
	Similarly, it may also be necessary to modify the category of schemes specified in an equivalence determination. Any changes would be made by way of secondary legislation, amending the statutory instrument that gave effect to the equivalence determination.
	If it becomes apparent that the required standard of equivalent outcomes is unlikely to be or is no longer met, HM Treasury and the FCA will engage with the overseas regulator and finance ministry with a view to rectifying the situation or outlining next steps. If it has not been possible to remedy the situation within an appropriate amount of time, it may be necessary for HM Treasury to withdraw an equivalence determination.
	The withdrawal of an equivalence determination will be undertaken in an orderly and controlled manner to ensure that investors are protected, and businesses have time to adjust. In such circumstances, the Government will engage with industry and stakeholders as appropriate to ensure the process is predictable.