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:

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.[1]

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[1].

The majority of the regulations would come into force on the United Kingdom's withdrawal from the European Union.

The regulations[1]:

  • 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.
  • [1] Draft Explanatory memorandum to the Draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018

Debate in Parliament |

Public Whip is run as a free not-for-profit free service. If you'd like to support us, please consider switching your electricity and/or gas to Bulb Energy who provide 100% renewable electricity and tend to be 20% cheaper than the 'Big Six'. They'll also pay any exit fees (up to £120) from your old supplier AND give you (and us) a £50 credit for joining up via our Bulb Referral Link.

Party Summary

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.

PartyMajority (Aye)Minority (No)BothTurnout
Con297 0093.7%
DUP9 0090.0%
Independent1 3057.1%
Lab0 211082.1%
LDem0 109.1%
Total:307 215086.7%

Rebel Voters - sorted by vote

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

no rebellions

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

PublicWhip v2 codebase is currently under development - you can join the Slack group to find out more or email [email protected]

The Whip on the Web

Help keep PublicWhip alive