European Union — Regulation of Short Selling and Certain Aspects of Credit Default Swaps — 27 Apr 2011 at 21:13
Oliver Letwin MP, West Dorset voted to agree proposals for European Union regulation of short selling and equivalent financial practices should not impact market efficiency and liquidity, in particular in relation to sovereign debt.
The majority of MPs voted to agree proposals for European Union regulation of short selling and equivalent practices based on the use of credit default swaps (CDSs) should not impact market efficiency and liquidity, in particular in relation to sovereign debt. In other words the majority of MPs, though their vote, said something positive about the proposals.
The proposed regulations included greater transparency and disclosure requirements, powers for regulators to restrict short selling and CDS transactions in exceptional circumstances, and regulations aimed at tackling market manipulation.
The motion approved by the majority of MPs was:
- That this House
- takes note of European Union Document No. 13840/10 and Addenda 1 and 2, relating to the draft Regulation on Short Selling and certain aspects of Credit Default Swaps, and No. 7379/11, relating to the corresponding Opinion of the European Central Bank; and
- supports the Government’s position that proposals should not impact market efficiency and liquidity, in particular in relation to sovereign debt.
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Steven Baker||Wycombe||Con (front bench)||no|
|Peter Bone||Wellingborough||Con (front bench)||no|
|Philip Hollobone||Kettering||Con (front bench)||no|
|David Nuttall||Bury North||Con (front bench)||no|