The oversight board identified "technical issues" in Huawei's engineering processes, which it said could cause "new risks in the United Kingdom telecommunications networks".
In response to questions from the parliamentary Science and Technology Committee, Ryan Ding, president of Huawei's carrier business group, said that the firm has never used its products to gather intelligence information "in the United Kingdom or anywhere else globally".
Government sources had told Reuters that German ministers on Wednesday discussed how to safeguard security in future 5G mobile networks, amid intense debate over whether to shut Huawei out of the market.
Huawei has suggested that European Union supervisors oversee the company's cybersecurity practices in order to help convince the western world that it is not helping the Chinese government spy on other countries.
Ding strongly dismissed claims that the company's kit could be used for espionage, noting Huawei's commercial reputation would be destroyed if it was caught spying.
It will take 3 to 5 years for Huawei to deal with security issues raised by the UK's National Cyber Security Council (NCSC).
Chinese tech giant Huawei has warned it could take five years to resolve British security fears about its devices.
Anti-vaxxers partly responsible for Europe's highest measles cases in a decade
Zsuzsanna Jakab said that "exceptionally high immunization coverage" across the continent belied significant gaps at local level. As of Wednesday, the Clark County Public Health Department had confirmed 50 cases of meales since January 1.
Western security concerns surrounding Huawei, and fellow Chinese telecoms equipment firm ZTE Corp (0763.HK) (000063.SZ), centre around China's National Intelligence Law.
He also reiterated that the company's products have never harmed national security of any country in the world.
Huawei, the world's biggest producer of telecoms equipment, faces global scrutiny over its ties with the Chinese government and suspicion Beijing could use its technology for spying, something the company has denied.
'For us, it is a matter of security or nothing; there is no third option.
It is likely that Trump may sign an order banning use of Chinese telecom equipment in USA networks citing security issues.
Governments in Europe, Japan, and Australia are also considering or have ordered bans on Huawei equipment.
Complicating the situation is the Canadian arrest of a top Huawei executive sought on an extradition request by the U.S.
The US Justice Department has charged Huawei with conspiring to violate US sanctions on Iran and with stealing robotic technology from T-Mobile.