Proposed amendments
28 amendments across 2 provisions
Clause 1 26
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In subsection (1)(b) “adjustments”—
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which does not significantly alter or expand or run contrary to the primary purposes of the specified legislation”
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”
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that draft was laid more than 1 month after the Treasury published a document (which may be one published before the passing of this Act)—
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For the purposes of subsection (9)—
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Any omission or adjustment made under subsection (1) other than in connection with the withdrawal of the United Kingdom from the EU and subject to similar terms as in the European Union (Withdrawal) Act 2018 is only to be considered appropriate if the Treasury has at least three months previously laid before Parliament a report on the policy and reasons for omission or potential omission of provisions contained in specified EU financial services legislation.”
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Regulations made under subsection (1) shall be limited to preventing, remedying or mitigating deficiencies in retained EU law and shall not make policy changes other than to reflect the United Kingdom’s new position outside the EU and to smooth transition to this situation.”
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But no adjustment may be made under subsection (1)(b) that jeopardises potential equivalence with the EU.”
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It is an objective of the Treasury, in exercising its powers under this Act, to ensure—
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the reasons why the powers described in paragraph (a) were used in the period under review or why it is proposed that they be used in the following six month period”
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Both reports prepared and published under subsections (8) and (9) must include a table setting out which provisions of the specified EU financial services legislation have been transposed into domestic legislation and under which statutory instruments.”
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“Expiration of regulations
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Schedule 1 2
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The European Commission’s proposal of 24 May 2018 for a Regulation of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment.
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The European Commission’s proposal of 24 May 2018 for a Regulation of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment.