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1011457
star this property registered interest false more like this
star this property date remove filter
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 Brexit more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the level of financial liabilities that would arise pursuant to the provisions of Article 143 of the draft Withdrawal Agreement with the EU. more like this
star this property tabling member constituency Clwyd West more like this
star this property tabling member printed
Mr David Jones more like this
unstar this property type
WrittenParliamentaryQuestion
star this property uin 194063 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-26more like thismore than 2018-11-26
star this property answer text <p>Under Article 143 of the draft Withdrawal Agreement, the UK will continue to stand behind a share of the EU’s contingent liabilities related to financial operations up to the date of withdrawal. These contingent liabilities are reported to Parliament in the Consolidated Fund accounts as having a remote probability of crystallising. The UK will also get a share of the associated pre-paid guarantee funds and reflows from the financial operations and, in the event of a contingent liability being triggered, the UK will receive its share of any subsequent amounts recovered by the EU.</p> more like this
star this property answering member constituency Salisbury remove filter
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-11-26T14:49:47.077Zmore like thismore than 2018-11-26T14:49:47.077Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
1502
star this property label Biography information for Mr David Jones more like this
1011560
star this property registered interest false more like this
star this property date remove filter
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
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the November 2018 Outline Political Declaration on the Future Relationship, whether EU equivalence decisions on UK financial services will be revocable with 30 days' notice; and if he will make a statement. more like this
star this property tabling member constituency East Ham more like this
star this property tabling member printed
Stephen Timms more like this
unstar this property type
WrittenParliamentaryQuestion
star this property uin 194018 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-26more like thismore than 2018-11-26
star this property answer text <p>The financial services section of the Political Declaration on the Future Relationship outlines that as part of the close and structured cooperation between the UK and EU on regulatory and supervisory matters that there should be initial decisions on equivalence by June 2020 and clear processes around the suspension and withdrawal of equivalence decisions in future. As of today, there are 43 equivalence provisions in EU legislation across a range of financial services sectors, of which only three<sup><sup>[1]</sup></sup> state that jurisdictional equivalence can be withdrawn with 30 days’ notice. The agreement reached with the EU will establish new processes to give further confidence to firms and consumers that the equivalence relationship between the EU and UK will be a durable one.</p><p> </p><p><sup><sup>[1]</sup></sup> MiFIR Article 33, STFR Article 21 and EMIR Article 13</p> more like this
star this property answering member constituency Salisbury remove filter
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-11-26T14:53:05.87Zmore like thismore than 2018-11-26T14:53:05.87Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
163
star this property label Biography information for Sir Stephen Timms more like this
1011613
star this property registered interest false more like this
star this property date remove filter
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 EU Budget: Contributions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Draft agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Union and the European Atomic Energy Community, what estimate he has made of the maximum amount of financial claims that the EU could make against the UK under the provisions in Article 136 and Article 140. more like this
star this property tabling member constituency Witham more like this
star this property tabling member printed
Priti Patel more like this
unstar this property type
WrittenParliamentaryQuestion
star this property uin 194212 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-26more like thismore than 2018-11-26
star this property answer text <p>Under Article 143 (formerly Article 136) of the draft Withdrawal Agreement, the UK will stand behind a share of EU contingent liabilities related to financial operations up to withdrawal. These are reported in the Consolidated Fund accounts as having a remote probability of crystallising. The UK will receive a share of the pre-paid guarantee funds and reflows from these operations and, in the event of crystallisation, the UK will receive its share of any amounts recovered by the EU.</p><p> </p><p>Under Article 147 (formerly Article 140), the UK will stand behind a share of EU contingent liabilities arising from legal cases related to the budget and linked policies and programmes up to the end of 2020. These are reported in the EU’s consolidated annual accounts of the European Union.</p> more like this
star this property answering member constituency Salisbury remove filter
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-11-26T14:48:28.567Zmore like thismore than 2018-11-26T14:48:28.567Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
4066
star this property label Biography information for Priti Patel more like this