Contributions
1,763 recent contributions in Hansard
HANSARDContingent LiabilityI can today confirm that I have laid a Treasury minute informing the House of a contingent liability that HM Treasury has taken on in relation to the sale of certain NRAM loans…05 Feb 2019HANSARDTreasuryThe SI also retains exemptions in MAR for financial instruments on UK and EU markets. These relate to certain trading activities that cannot be enforced against the regulation.05 Feb 2019HANSARDTreasuryThe SI also retains exemptions in MAR—and amends the scope of the exemptions to UK-only—that relate to certain trading activities that cannot be enforced against the regulation.…05 Feb 2019HANSARDDraft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019. It is a pleasure to…05 Feb 2019HANSARDDraft Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019I thank the hon. Members for Stalybridge and Hyde and for Aberdeen North for raising those issues. I will start with the Opposition Front-Bench spokesman’s opening comments. He…05 Feb 2019HANSARDDraft Solvency 2 and Insurance (Amendment, Etc.) (EU Exit) Regulations 2019
Draft INSURANCE DISTRIBUTION (Amendment) (EU EXIT) Regulations 2019
DRAFT FINANCIAL CONGLOMERATES and Other Financial Groups (Amendment Etc.) (EU Exit) Regulations 2019It is a pleasure to serve under your chairmanship, Sir Henry. As the Committee will be only too aware, the Treasury has been undertaking a programme of legislation to ensure that…04 Feb 2019HANSARDDraft Solvency 2 and Insurance (Amendment, Etc.) (EU Exit) Regulations 2019
Draft INSURANCE DISTRIBUTION (Amendment) (EU EXIT) Regulations 2019
DRAFT FINANCIAL CONGLOMERATES and Other Financial Groups (Amendment Etc.) (EU Exit) Regulations 2019My right hon. Friend is right to draw attention to the impact assessment, which covers two of the three statutory instruments. One of them, of course, did not require one because…04 Feb 2019HANSARDDraft Solvency 2 and Insurance (Amendment, Etc.) (EU Exit) Regulations 2019
Draft INSURANCE DISTRIBUTION (Amendment) (EU EXIT) Regulations 2019
DRAFT FINANCIAL CONGLOMERATES and Other Financial Groups (Amendment Etc.) (EU Exit) Regulations 2019I thank the hon. Members for Stalybridge and Hyde and for Glasgow Central for their thorough examination of these three statutory instruments, and I note their consistent…04 Feb 2019HANSARDDraft Solvency 2 and Insurance (Amendment, Etc.) (EU Exit) Regulations 2019
Draft INSURANCE DISTRIBUTION (Amendment) (EU EXIT) Regulations 2019
DRAFT FINANCIAL CONGLOMERATES and Other Financial Groups (Amendment Etc.) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019.04 Feb 2019HANSARDEquitable LifeI will choose my words carefully, but it is undeniable that after 13 years in government, the previous Labour Government—31 Jan 2019HANSARDEquitable LifeIt is not about party politics; it is about saying that when we came into government, in the absence of a resolution to this matter, we increased the figure from £340 million,…31 Jan 2019HANSARDEquitable LifeIt is a privilege to respond to the debate. First, I congratulate my hon. Friend the Member for Harrow East (Bob Blackman) and the hon. Member for Leeds North East (Fabian…31 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019Ten past 10.30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019I am sympathetic to what the hon. Lady says, but she has to understand that the regulator is the regulator, and it will have reasons in terms of the market actors around that. My…30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019I beg to move, That the Committee has considered the draft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019.30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019It is an interesting debating point. Had the hon. Lady seen the report of my appearance yesterday before the Treasury Committee with the chief executive of the FCA and the deputy…30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019I think I have said all I can on that matter at this point. I will move on to the drafting point on territorial power for the FCA, which the hon. Member for Oxford East raised. I…30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019Once again, I will begin by thanking the hon. Members for Oxford East and for Aberdeen North for their thorough examination of the statutory instruments; I will do my very best to…30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019From my point of view at this point, it seems reasonable not to suggest that there will be a register for something that does not yet exist, but the hon. Lady’s point is perfectly…30 Jan 2019HANSARDDraft Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
Draft Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019I do recall. On that specific point, I checked with my officials, as I said I would. Their understanding was that that was not common practice. So I am doing all that is expected,…30 Jan 2019