(b) a Member which is a party to such an agreement or arrangement referred to in point (a), whether concluded or exists in the future, gives other interested Members a reasonable opportunity to negotiate their accession to such agreements or arrangements or to negotiate similar agreements, in circumstances where there would be equivalent regulation or supervision; the implementation of this Regulation and, where appropriate, the procedures for the exchange of information between the parties to the agreement or agreement. If a member grants recognition autonomously, it shall give any other member sufficient opportunities to demonstrate the existence of such circumstances. There are proposals for financial services. In addition, some service proposals covering different sectors also include a section on financial services (Kenya, Japan and Norway). (a) this Annex shall apply to measures affecting the provision of financial services. The reference to the provision of a financial service in this Annex shall be the provision of a service within the meaning of Article I(2) of the Agreement. In November 2001, the services negotiations were integrated into the Doha Development Agenda, which places greater emphasis on bilateral negotiations – demand and supply. A first timetable has been set, with clear dates for the submission of bilateral applications (end of June 2002) and first offers (end of March 2003). Interested members met in so-called „friends“ groups, including the „Friends of Financial Services“. (xiii) asset management, such as liquidity or portfolio management, all forms of collective capital management, pension fund management, custodian, custodian and trust management; At present, financial services, like all services, are included in the new services negotiations that began in January 2000. Members had set their main negotiating objectives for financial services ahead of the Hong Kong Ministerial Conference. As described in document TN/S/23, these objectives included: 2.
Notwithstanding Article XXI of the Agreement, a Member may, for a period of 60 days beginning four months after the date of entry into force of the WTO Agreement, improve, amend or withdraw all or part of the specific obligations relating to financial services set out in its Annex. WTO Secretariat Core Document (1998) on Financial Services S/C/W/72. WTO Secretariat Study on Financial Services (1997): Opening Markets to Financial Services and the Role of the GATS. (xvi) advice, brokerage and other financial assistance services for all activities listed in points (v) to (xv), including credit referrals and analyses, investment and portfolio research and advice, acquisition, restructuring and corporate strategy advice. Supervisory and other financial litigation bodies must have the necessary expertise for the financial service concerned. The principles of trade in financial services are included in the GATS, as with all services. In addition, an annex to the GATS contains specific provisions for trade in financial services. These include issues such as sectoral definitions, services provided in the exercise of state power and surveillance measures. (a) A Member may recognize supervisory measures taken by any other country to determine the application of measures taken by the Member with respect to financial services. Such recognition, which may be obtained by harmonisation or other means, may be based on an agreement or understanding with the country concerned or granted autonomously. .
. . . .