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min answer › date of answer	2019-07-22
answer › answer text	%3Cp%3EThe UK%E2%80%99s legislative framework for payment services, including cross-border payments, places various disclosure requirements on payment firms. This includes the ability to opt out of disclosures for certain corporates, where both parties agree.%3C/p%3E%3Cp%3EThis legislation derives from EU law, which will be replaced under the government%E2%80%99s Smarter Regulatory Framework programme. Under this, it is intended that government legislation will set the framework within which the regulators will operate. In general, firm-facing requirements, such as these cross-border disclosures, will be determined by the relevant regulator (in this case, the FCA).%3C/p%3E
tabling member constituency	East Ham
answer › is ministerial correction	false

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registered interest

date

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1694968

registered interest

date

11/03/2024

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Foreign Exchange

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, whether he has plans to remove the corporate opt-out for cross-border payments pricing disclosures.

tabling member constituency

East Ham

tabling member printed

Sir Stephen Timms

uin

17767

answer

is ministerial correction

date of answer

14/03/2024

answer text

<p>The UK’s legislative framework for payment services, including cross-border payments, places various disclosure requirements on payment firms. This includes the ability to opt out of disclosures for certain corporates, where both parties agree.</p><p>This legislation derives from EU law, which will be replaced under the government’s Smarter Regulatory Framework programme. Under this, it is intended that government legislation will set the framework within which the regulators will operate. In general, firm-facing requirements, such as these cross-border disclosures, will be determined by the relevant regulator (in this case, the FCA).</p>

answering member constituency

Hitchin and Harpenden

answering member printed

Bim Afolami

question first answered

14/03/2024 17:04:02

answering member

4639

	label	Biography information for Bim Afolami

tabling member

163

	label	Biography information for Sir Stephen Timms