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1419031

registered interest
date	02/02/2022
answering body	Department for Environment, Food and Rural Affairs
answering dept id	13
answering dept short name	Environment, Food and Rural Affairs
answering dept sort name	Environment, Food and Rural Affairs
hansard heading	Competition and Trade: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Environment, Food and Rural Affairs, whether he has taken steps to review the corpus of retained EU law and other UK regulations for the purposes of (a) identifying potential negative impact on (i) trade and (ii) competition and (b) prioritising for change those for which a potential negative impact is identified; what estimate he has made of the time it will take to complete such a review; and whether he plans to bring forward legislative proposals to implement changes identified.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	116911
answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>The Prime Minister announced on 31 January that the Government is taking steps to ensure that any retained EU law on the UK statute book meets the UK’s priorities for unlocking growth and is tailored to the needs of the UK.</p><p> </p><p>Defra is fully engaged with the Government’s work to amend, replace or repeal all the retained EU law that is not right for the UK. Defra has an important role to play in that process.</p><p> </p><p>Along with other Government departments and the Brexit Opportunities Unit, we are currently taking stock of our retained EU law. We will then publish information on retained EU law, in line with the Government commitment.</p><p> </p><p>This work is planned to support the development of the ‘Brexit Freedoms’ Bill, also announced on 31 January. This bill will mean that retained EU law can be more easily amended or removed.</p><p> </p><p>My department is committed to making the most of our new-found freedoms outside the EU in Defra policy areas. An effective, ambitious programme of regulatory reform is critical to making that happen.</p><p> </p><p>Where suitable and necessary we are prioritising this reform and our legislative plans to deliver this will be announced in due course.</p> answering member constituency Banbury answering member printed Victoria Prentis question first answered 10/02/2022 17:50:38 answering member 4401 label Biography information for Victoria Prentis
tabling member	4064 label Biography information for Mr Steve Baker

1419032

registered interest
date	02/02/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Competition and Trade: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has taken steps to review the corpus of retained EU law and other UK regulations for the purposes of (a) identifying potential negative impact on (i) trade and (ii) competition and (b) prioritising for change those for which a potential negative impact is identified; what estimate he has made of the time it will take to complete such a review; and whether he plans to bring forward legislative proposals to implement changes identified.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	116912
answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>The Department is supporting the Government’s review into retained EU Law, which will provide an authoritative assessment of where retained EU law is concentrated on the statute book and assist the consideration of future legislative requirements. The recently published ‘Benefits of Brexit: how the UK is taking advantage of leaving the EU’ policy paper announced that the Government intends to amend, replace, or repeal all the retained EU law that is not right for the UK and prioritise areas where reform can deliver the greatest economic gain, with the Government aiming to cut £1 billion of business costs from retained EU red tape.</p><p> </p><p>My Rt hon Friend the Prime Minister has also announced that the Government will bring forward a Brexit Freedoms Bill to make it easier to remove or amend retained EU law in the future.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 10/02/2022 14:52:35 answering member 4414 label Biography information for Paul Scully
tabling member	4064 label Biography information for Mr Steve Baker

1419033

registered interest
date	02/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has taken steps to review the corpus of retained EU law, other UK regulations and potential new financial services regulations, for the purposes of improving UK competitiveness; and what steps he is taking to ensure that any such new regulations and legislative changes are introduced in a timely manner.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	116913
answer	answer is ministerial correction date of answer 09/02/2022 answer text <p>In his Mansion House statement last July, the Chancellor set out the Government’s vision for an open, competitive, green, and technologically advanced financial services sector. A sweeping set of reforms to sharpen the UK’s competitive advantage in financial services is already underway.</p><p> </p><p>In November, the Government published the second consultation in its Future Regulatory Framework (FRF) Review. This provides a once-in-a-generation opportunity to ensure that, having left the EU, the UK establishes a coherent, agile, and internationally respected approach to financial services regulation that is right for the UK. This includes proposals to repeal a significant volume of retained EU law relating to financial services, so that the financial services regulators can take responsibility for making the appropriate rules in these areas.</p><p>As set out in the recent publication, <em>The Benefits of Brexit: How the UK is taking advantage of leaving the EU, </em>the Government is actively seeking out opportunities to tailor the regulation of our financial services sector, within the new framework the FRF Review will deliver, through measures including:</p><p> </p><ul><li>A ground-breaking Mutual Recognition Agreement with Switzerland.</li><li>Reforming our capital markets through the Wholesale Markets Review and Prospectus Regime Review.</li><li>Establishing a new Centre for Finance, Innovation and Technology.</li><li>Becoming the world’s first net zero-aligned financial centre.</li></ul> answering member constituency Salisbury answering member printed John Glen question first answered 09/02/2022 08:54:12 answering member 4051 label Biography information for John Glen
tabling member	4064 label Biography information for Mr Steve Baker