More strikingly, it would put it in a worse position than Norway in terms of sovereinty. Here are five striking differences:
The UK will have to accept all EU law during transition, even if it is not relevant to the SM
No of EEA derogations until 2012:
No option for derogations foreseen for the UK.
UK would be under direct ECJ jurisdiction & Commission surveillance
Uk would have to accept EU quotas on fisheries during transition - without a vote.
The UK is expected to contribute completely to the EU budget without a say, although its rebate stays in place
But it is the only choice left to the UK if it wants to avoid a cliff edge on #Brexit day. /ends