Contributions
1,763 recent contributions in Hansard
HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I thank the hon. Members for Glasgow Central and for Oxford East for speaking to amendment 10 and new clause 2. I shall discuss them together, because although they differ in key…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)Clause 1 comprises the core substantive content of the Bill. In a no-deal scenario, the Bill gives the Government the power to implement, in whole or in part, a specified list of…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I beg to move amendment 1, in clause 2, page 3, line 42, leave out subsection (4). This amendment removes the privilege amendment inserted by the Lords. I shall speak only briefly…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)Clause 2 is simply a technical clause that extends the powers granted in clause 1 across England, Wales, Scotland and Northern Ireland. Financial services policy covered in the…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)The schedule contains a list of financial services files that are essential for ensuring the continued competitiveness and functionality of UK markets. Those files consist of 13…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I am grateful to the hon. Lady for her explanation of amendment 6. The Government clearly recognise the importance of parliamentary scrutiny and our reporting obligations under…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I thank the hon. Gentleman for his comments. The Government have committed to following Cabinet Office principles on consultation, and they have made clear their commitment to…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I thank the Opposition spokespeople for their contributions. I also thank the hon. Member for Colne Valley for her maiden Bill Committee speech. I did not agree with much of what…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I start by thanking the hon. Gentleman for his explanation of the intent of the three amendments, which I shall address in turn. I must confess that I was surprised to see…26 Feb 2019HANSARDFinancial Services (Implementation of Legislation) Bill [ Lords ] (First sitting)I thank the hon. Lady for the amendment. It requires adjustments to files under the Bill to be pre-approved by the House of Commons before the Government introduce the relevant…26 Feb 2019HANSARD Exiting the EU (Financial Services)I beg to move, That the draft Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, which were laid before this House on 31 January, be approved. The…25 Feb 2019HANSARD Exiting the EU (Financial Services)The process that we have gone through with these no-deal SIs has been as thorough as possible in the circumstances. My hon. Friend is making a wider point about the desirability…25 Feb 2019HANSARD Exiting the EU (Financial Services)It is a pleasure to respond to the hon. Member for Oxford East (Anneliese Dodds), my right hon. Friend the Member for Loughborough (Nicky Morgan) and the hon. Member for Glasgow…25 Feb 2019HANSARDDraft Financial Regulators' Powers (Technical Standards Etc.) and Markets in Financial Instruments (Amendment) (Eu Exit) Regulations 2019I acknowledge the thoroughness of the scrutiny from the hon. Members for Stalybridge and Hyde and for Glenrothes, and my hon. Friend the Member for The Cotswolds, and I will…20 Feb 2019HANSARDDraft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019 I beg to move, That the Committee has considered the draft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019. It is a pleasure to…20 Feb 2019HANSARDDraft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019 The hon. Gentleman, as always, makes a reasonable point. The challenge is to understand on what terms we will leave. Clearly, if we secure a deal, we will enter an implementation…20 Feb 2019HANSARDDraft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019 Yes I am. The green impact assessment, which was issued on 8 February, also identifies that the familiarisation costs will be £150 per firm and that there will be a range of costs…20 Feb 2019HANSARDDraft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019 I thank the hon. Members for Stalybridge and Hyde and for Glasgow Central for their thorough examination of the matters. I will endeavour to give them a thorough response. I…20 Feb 2019HANSARDDraft Financial Regulators' Powers (Technical Standards Etc.) and Markets in Financial Instruments (Amendment) (Eu Exit) Regulations 2019I beg to move, That the Committee has considered the draft Financial Regulators’ Powers (Technical Standards etc.) and Markets in Financial Instruments (Amendment) (EU Exit)…20 Feb 2019HANSARDDraft Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019I think the hon. Lady probably did express the point clearly, and I did not absorb it properly. The challenge is to make the distinction between third countries and public bodies.19 Feb 2019