Motion to consider. Agreed to on question.

Motion to consider. Agreed to on question.

Letter dated 30/11/2023 from Baroness Vere of Norbiton to Baroness Kramer regarding statutory instruments to implement the expanded resolution regime for central counterparties. 4p.

Letter dated 30/11/2023 from Baroness Vere of Norbiton to Baroness Kramer regarding statutory instruments to implement the expanded resolution regime for central counterparties. 4p.

Clauses 45 and 46 agreed to. Schedule 7 agreed to. Clause 47, discussed with new clause 10 (Access to cash: Guaranteed minimum provision), new clause 11 (Duty to collect data on cash acceptance), and new clause 12 (Access to cash: Guaranteed minimum provision for small businesses), agreed to. Amendment to schedule 8 negatived on division (6 votes to 9). Schedules 8 to 10 agreed to. Clause 48 to 50 agreed to. Schedules 11 and 12 agreed to as amended. Clause 52 to 59 agreed to. Schedule 13 agreed to.

Clauses 45 and 46 agreed to. Schedule 7 agreed to. Clause 47, discussed with new clause 10 (Access to cash: Guaranteed minimum provision), new clause 11 (Duty to collect data on cash acceptance), and new clause 12 (Access to cash: Guaranteed minimum provision for small businesses), agreed to. Amendment to...

Motion to consider. Agreed to on question.

Motion to consider. Agreed to on question.

Letter dated 09/07/2020 from Baroness Penn to Members regarding points raised in the debate on the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc, and Transitional Provision) (EU Exit) Regulations 2020. 3p

Letter dated 09/07/2020 from Baroness Penn to Members regarding points raised in the debate on the Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc, and Transitional Provision) (EU Exit) Regulations 2020. 3p

My Lords, your Lordships will be aware that, since July 2018, HM Treasury has put in place legislation, using powers under the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal) Act 2020, to ensure that the UK has an independent and coherent financial services regulatory regime...

My Lords, your Lordships will be aware that, since July 2018, HM Treasury has put in place legislation, using powers under the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal) Act 2020, to ensure that the UK has an independent and coherent financial services regulatory regime...

I declare my interests as in the register as a director of the London Stock Exchange plc.

I have forgotten how many of these Treasury statutory instruments I have done, but it must be around a half-century innings so far. With each one my past flashes before my eyes and, although...

I declare my interests as in the register as a director of the London Stock Exchange plc.

I have forgotten how many of these Treasury statutory instruments I have done, but it must be around a half-century innings so far. With each one my past flashes before my eyes and, although...

My Lords, I declare my interests as in the register. I broadly welcome this instrument; it comes in extraordinary times, and we do not really have enough time to debate it, but we are at a critical point in our negotiations with the EU during the transition period. This is...

My Lords, I declare my interests as in the register. I broadly welcome this instrument; it comes in extraordinary times, and we do not really have enough time to debate it, but we are at a critical point in our negotiations with the EU during the transition period. This is...

My Lords, at one level these regulations could be seen as a technical set to see us through to the end of the year in order to be compliant during transition. However, they raise some very substantive issues which set a pathway with much greater significance.

What we are legislating for...

My Lords, at one level these regulations could be seen as a technical set to see us through to the end of the year in order to be compliant during transition. However, they raise some very substantive issues which set a pathway with much greater significance.

What we are legislating for...

My Lords, you should be able to see me. I thank the Minister for and congratulate her on the clear way in which she introduced this statutory instrument. I have three questions. First, have the FCA and the Bank of England identified to Treasury Ministers any specific systemic risks that...

My Lords, you should be able to see me. I thank the Minister for and congratulate her on the clear way in which she introduced this statutory instrument. I have three questions. First, have the FCA and the Bank of England identified to Treasury Ministers any specific systemic risks that...

My Lords, I support this statutory instrument. I welcome it and congratulate my noble friend on her introduction. It is of course important that derivatives are increasingly cleared through CCPs since the lessons that we learned in 2009. The security of global derivatives markets is vital to the functioning of...

My Lords, I support this statutory instrument. I welcome it and congratulate my noble friend on her introduction. It is of course important that derivatives are increasingly cleared through CCPs since the lessons that we learned in 2009. The security of global derivatives markets is vital to the functioning of...

My Lords, it is a pleasure to speak on these regulations and I join other noble Lords in congratulating my noble friend on the way in which she introduced them. Making the complex clear is no mean feat, given the number of acronyms in them. I am sure she would...

My Lords, it is a pleasure to speak on these regulations and I join other noble Lords in congratulating my noble friend on the way in which she introduced them. Making the complex clear is no mean feat, given the number of acronyms in them. I am sure she would...

My Lords, I congratulate my noble friend on introducing the regulations and thank her for the opportunity to consider them. I have a number of queries.

I share the concern of the noble Baroness, Lady Bowles. If it is difficult for the Treasury to know where all the instruments are, how...

My Lords, I congratulate my noble friend on introducing the regulations and thank her for the opportunity to consider them. I have a number of queries.

I share the concern of the noble Baroness, Lady Bowles. If it is difficult for the Treasury to know where all the instruments are, how...

My Lords, I recognise that adopting this SI is sensible and technical. The underlying questions, however, are totally political.

Can the Minister tell us where we stand on equivalence negotiations with the EU on clearance? As the noble Lord, Lord German, reminded us, we are 12 days away from the deadline....

My Lords, I recognise that adopting this SI is sensible and technical. The underlying questions, however, are totally political.

Can the Minister tell us where we stand on equivalence negotiations with the EU on clearance? As the noble Lord, Lord German, reminded us, we are 12 days away from the deadline....