the Specialised Committee on Financial Provisions 4June2026 Thetwelfthmeeting of the Specialised Committee on Financial Provisions (SCFP) was held today,4June2026.The meeting was co-chaired by officials from theUK Government and theEuropeanCommission.This Committee is assigned by the Withdrawal Agreement Joint Committee toundertake work related to the implementation of the financial provisions in Part V of the WithdrawalAgreement. TheUKand theEUexchanged updates on the tasks carried out under the remit of this SpecialisedCommittee. Both parties reviewed the annual reporting package required by the WithdrawalAgreement, which was provided at the end of March, and theeleventhinvoice, which wassubmittedby the European Commission in April. In accordance with the terms of the Withdrawal Agreement,this invoiceis tobe settledin four monthly instalments, with the first due date set on 30 June2026.All previous payments were received by their due datesand in full. Both parties noted the positiveengagement in all the work carried out until this momentand will strive to continue theirconstructive collaboration in this area while the European Commission continuesto submit to the UKan annual report in March, and two invoices annually, in April and September, until outstanding netliabilities are extinguished. TheUKandEUsides reaffirmed their commitment to complying with their legal obligations underthe Withdrawal Agreement. The two sides appreciated the ongoing good cooperation in this field, and committed to continueworking collaboratively on a range of implementation issues, in recognition of the mutual benefit of asmooth implementation of the financial provisions of the Withdrawal Agreement.