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1024273
star this property registered interest false more like this
star this property date less than 2018-12-12more like thismore than 2018-12-12
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords remove filter
star this property question text To ask Her Majesty's Government what assessment they have made of (1) reports that Switzerland may be offered temporary access to EU stock markets, and (2) the implications that any decision on a "Swiss-style" equivalence arrangement could have on the UK financial sector after Brexit. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL12266 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-20more like thismore than 2018-12-20
star this property answer text <p>The EU previously found Swiss stock exchanges equivalent under the MiFID II share trading obligation until 31 December 2018. Switzerland is an important financial partner for the UK and we support an extension of the equivalence decision for Swiss stock exchanges.</p><p>The Government has successfully negotiated an agreement on the future relationship for financial services when we leave the EU that touches on the full spectrum of the UK’s White Paper position. The Political Declaration outlines that there should be initial decisions on equivalence by June 2020 and clear processes around the suspension and withdrawal of equivalence decisions in future. This should be supported by a legally-binding bilateral agreement for structured regulatory dialogue and consultation to ensure financial services are regulated compatibly, and that changes in legislation and the implications for trade are managed well.</p><p>The Government’s long-term economic analysis sets out the impact of the UK’s White Paper position on the financial services sector.</p>
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-20T14:15:49.047Zmore like thismore than 2018-12-20T14:15:49.047Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1796
star this property label Biography information for Lord Taylor of Warwick remove filter