Draft Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019 Debate

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Department: HM Treasury

Draft Over the Counter Derivatives, Central Counterparties and Trade Repositories (Amendment, etc., and Transitional Provision) (EU Exit) (No. 2) Regulations 2019

Martyn Day Excerpts
Wednesday 23rd October 2019

(5 years, 1 month ago)

General Committees
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Martyn Day Portrait Martyn Day (Linlithgow and East Falkirk) (SNP)
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It is a pleasure, Mr Bailey, to serve under your chairmanship. I have a couple of short points to make. Although I recognise the importance of addressing deficiencies, it is unacceptable that we are only just getting round to these regulations, potentially a week before we leave the EU. I fear that the SI will not protect Scotland’s financial services industry, which benefits greatly from being in the EU, where I hope we will stay.