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577438

registered interest
date	07/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Remittances: EU Nationals
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the total amount of remittances by EU A8 citizens resident in the UK since May 2004.
tabling member constituency	Clacton
tabling member printed	Mr Douglas Carswell
uin	45350
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HM Treasury has made no estimate of the number of remittances made since May 2004.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/09/2016 16:44:18 answering member 1529 label Biography information for Mr David Gauke
tabling member	1527 label Biography information for Mr Douglas Carswell

577439

registered interest
date	07/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: EU Internal Trade
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate the revenue that UK banks and financial institutions receive through passporting rights within the EU since 2000.
tabling member constituency	Clacton
tabling member printed	Mr Douglas Carswell
uin	45351
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>Over 5,000 UK firms, including banks, investment firms and insurance companies, hold passports which enable them to provide their financial services and establish branches in other EU Member States. Excluding banks more than three-quarters of all of the firms in the EU that use passporting under the Markets in Financial Instruments Directive are based in the UK. However, passporting rights are conferred under several different pieces of EU legislation.</p><p> </p><p>Supervisory authorities record passport notifications, including into which Member State the passport is being used, but there is no detailed record of the type or scale of their use. The Treasury is engaging with business to further understand the issues affecting the financial services industry as the UK prepares for negotiations to leave the EU, including how firms make use of the different passports available to them.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/09/2016 16:54:37 answering member 1529 label Biography information for Mr David Gauke
tabling member	1527 label Biography information for Mr Douglas Carswell