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1142125

registered interest
date	25/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: UK Relations with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the EU has agreed to implement (a) temporary equivalence and recognition for UK central counterparties and central securities depositories, (b) the European Securities and Markets Authority’s decision to approve Memoranda of Understanding on allowing cross-border delegation of portfolio management between the UK and the EEA and (c) the European Insurance and Occupational Pensions Authority's recommendations on relevant member state regulators to minimise detriment to insurance policyholders in the in the event the UK leaves the EU without an agreement.
tabling member constituency	Streatham
tabling member printed	Chuka Umunna
uin	282348
answer	answer is ministerial correction date of answer 03/09/2019 answer text <p>I refer the Hon. Member to the answer that I gave on 24 July 2019 under UIN 279465.</p><p> </p><p>We welcome the steps taken by the EU and some individual member states to help mitigate cliff-edge risks to financial services. This includes:</p><ul><li>The EU’s temporary equivalence and recognition for UK central counterparties (CCPs) and central securities depositories (CSDs). This follows similar action from HMT to legislate for a process to facilitate continued access for EU and global CCPs and CSDs to the UK market.</li><li>The European Securities and Markets Authority and the FCA have agreed MoUs that include provisions to allow cross-border delegation of portfolio management between the UK and the EEA. This provides the asset management industry with certainty that portfolio delegation services between themselves and clients in the EEA can continue in any exit scenario.</li><li>Recommendations from the European Insurance and Occupational Pensions Authority which call on relevant Member State regulators to put in place measures which aim to minimise detriment to insurance policyholders. It is a matter for national regulators whether they choose to comply with this guidance.</li></ul> answering member constituency Salisbury answering member printed John Glen question first answered 03/09/2019 08:14:29 answering member 4051 label Biography information for John Glen
tabling member	4128 label Biography information for Chuka Umunna

1141114

registered interest
date	22/07/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Business: Aviation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what recent assessment the Government has made of whether businesses will be able to use air travel for the delivery of goods and services immediately after the UK's departure from the EU in the event that the UK leaves the EU without a deal.
tabling member constituency	Streatham
tabling member printed	Chuka Umunna
uin	280354
answer	answer is ministerial correction date of answer 05/08/2019 answer text <p>The contingency measures adopted by the EU, including the implementing regulation amendment recognising the UK’s security regime and the reciprocal measures announced by the UK, mean that flights and the movement of cargo and passengers will be able to continue, even in a no deal scenario. Indeed, both the UK and the EU are committed to maintaining connectivity.</p><p> </p> answering member constituency Daventry answering member printed Chris Heaton-Harris question first answered 05/08/2019 14:51:40 answering member 3977 label Biography information for Chris Heaton-Harris previous answer version 131259 answering member constituency Welwyn Hatfield answering member printed Grant Shapps answering member 1582
tabling member	4128 label Biography information for Chuka Umunna