Treasury

Tuesday 5th February 2019 Ministerial Corrections

Draft Market Abuse (Amendment) (EU Exit) Regulations 2018 and Draft Credit Rating Agencies (Amendment, Etc.) (EU Exit) Regulations 2019

The following is an extract from the debate on the draft Market Abuse (Amendment) (EU Exit) Regulations 2018 and draft Credit Rating Agencies (Amendment, Etc.) (EU Exit) Regulations 2019.

[John Glen]

The SI also retains exemptions in MAR—and amends the scope of the exemptions to UK-only—that relate to certain trading activities that cannot be enforced against the regulation.

[Official Report, Thirteenth Delegated Legislation Committee, 23 January 2019, c. 4.]

Letter of correction from the Economic Secretary to the Treasury:

An error has been identified in my contribution to the debate on the draft Market Abuse (Amendment) (EU Exit) Regulations 2018 and draft Credit Rating Agencies (Amendment, Etc.) (EU Exit) Regulations 2019.

The correct statement should have been:

[John Glen]

The SI also retains exemptions in MAR for financial instruments on UK and EU markets. These relate to certain trading activities that cannot be enforced against the regulation.