Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed question first answered answering member label
tabling member	label

Search

810468

	registered interest
	date	21/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Insurance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what measures they are taking to ensure that insurance providers can lawfully operate and fulfil their contractual obligations after Brexit.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4436
	answer	answer is ministerial correction date of answer 09/01/2018 answer text <p>The government is working to ensure continuity of cross-border contracts in all financial services sectors, including insurance. Much of the detail of the arrangements remains a matter for the negotiation process.</p><p>However, on 20 December 2017 the government announced that, if necessary, it will bring forward secondary legislation which will enable European Economic Area (EEA) firms and funds operating in the UK to obtain a “temporary permission” to continue their activities in the UK for a limited period after EU withdrawal.</p><p>Alongside the temporary permissions regime, the government will also bring forward secondary legislation, if necessary, to ensure that contractual obligations such as insurance contracts which are not covered by the regime can continue to be met.</p> answering member printed Lord Bates question first answered 09/01/2018 14:38:56 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

764316

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Insurance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assurances they have given regarding the future of long-term insurance contracts in the light of Brexit.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL1653
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>The government recognises the issues the UK’s departure from the EU creates for firms ability to service long-term contracts in force at EU exit. We are considering in particular risks arising from any change of passporting arrangements and the impact on cross-border contracts, including long-term insurance contracts.</p><p><strong> </strong></p><p>Much of the detail of these arrangements remains a matter for the EU exit negotiation process, but we will continue to provide information to help firms deal with the challenges and take advantage of the opportunities as we move towards our future relationship with the EU.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 16/10/2017 13:32:37 answering member 1091 label Biography information for Lord Bates
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town