Treasury

Monday 18th March 2019 Ministerial Corrections

Packaged Retail and Insurance-based Investment Products

The following is an extract from the First Delegated Legislation Committee on the draft Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019.

[The Economic Secretary to the Treasury (John Glen)]

Any amendments to fix the exit deficiencies would have to be made known to the Treasury, and any new binding technical standards derived from this ongoing review will also have to come from the Treasury and will have to be laid under the affirmative procedure.

[Official Report, First Delegated Legislation Committee, 20 February 2019, c. 9.]

Letter of correction from the Economic Secretary to the Treasury.

An error has been identified in my response to the hon. Members for Glasgow Central (Alison Thewliss) and for Stalybridge and Hyde (Jonathan Reynolds).

The correct statement should have been:

[The Economic Secretary to the Treasury (John Glen)]

Any amendments to fix the exit deficiencies would have to be made known to the Treasury, and any changes to binding technical standards derived from this ongoing review will also have to be made known to the Treasury.