Regulation 2 Equivalence directions
The Treasury may, by direction, in relation to countries which are EEA states, make a determination set out in Schedule 1 for the purposes set out in that Schedule.
A direction given under paragraph (1)—
may have effect only on or after exit day; and
ceases to have effect on the date on which it is revoked by a direction under paragraph (1) or by any other enactment.
The Treasury must lay a copy of any equivalence direction given by it under paragraph (1) before Parliament.
The Treasury must publish any direction given under paragraph (1) in a way appearing to the Treasury to be best calculated to bring it to the attention of the public.
No equivalence direction may be given under paragraph (1) after the end of the period of twelve months beginning with exit day.
The power of the Treasury under paragraph (1) includes the power to revoke or vary an equivalence direction at any time.