Britain seeking equivalence with EU regulation, not harmonisation - minister

"There's undoubtedly an impetus among some continental countries and on the part of the Commission to try to trade off regulatory freedom against market access," Davis told a parliamentary committee.

"Our strategy for dealing with that is to say we will seek outcome equivalence in some areas, but not harmonisation - otherwise if you have harmonisation you might just as well have stayed in."

(Reporting by Elizabeth Piper, writing by William James. Editing by Andrew MacAskill)