Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018 — 19 Dec 2018 at 21:58
The majority of MPs voted in favour of steps to ensure the regulation of trading in financial instruments continued to operate effectively on the United Kingdom's withdrawal from the European Union.
The motion supported by the majority of MPs in this vote was:
- That the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018, which were laid before this House on 17 October, be approved.
The regulations relate to the regulation of the buying, selling and organised trading of financial instruments, such as shares, bonds, units in collective investment schemes and derivatives.
The regulations were not intended to make policy changes but to ensure existing legislation continued to operate effectively on the United Kingdom's withdrawal from the European Union.
The majority of the regulations would come into force on the United Kingdom's withdrawal from the European Union.
- transfer functions from the European Securities and Markets Authority to the UK Financial Conduct Authority, Prudential Regulation Authority and Bank of England as well as transferring regulatory functions of the European Commission to the UK Treasury.
- remove obligations on UK authorities to cooperate and share information with European Economic Area authorities
- enable the functioning of the Temporary Permissions Regime to enable European firms and funds a transition period to adjust to UK regulations.
- introduce temporary powers relating to the disclosure fo price and volume information on trades.
-  Draft Explanatory memorandum to the Draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018
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|