Activities of Frances FITZGERALD related to 2022/2188(INI)
Opinions (1)
OPINION on the implementation report on the EU-UK Trade and Cooperation Agreement
Amendments (5)
Amendment 67 #
Draft opinion
Paragraph 12
Paragraph 12
12. Regrets the lack of specific structures for dialogue and engagement between the EU and the UK in the area of financial services following the withdrawal of the UK from the EU; recalls the commitment, in the first Joint Declaration accompanying the TCA, to signing an MoU Memorandum of Understanding on financial services regulatory cooperation between the EU and the UK, which would not be a legal document but would provide a basis for regular, structured engagement; notes that this memorandum has not yet been signed;
Amendment 73 #
Draft opinion
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Notes the publication of a draft text for the Memorandum of Understanding on Financial Services Cooperation between the EU and UK, establishing a framework for financial services regulatory cooperation including a new Regulatory Forum. Welcomes the proposal for the Forum to meet at least semi-annually. Notes inter alia that the Forum may discuss any issue relevant to regulatory cooperation in the area of financial services, and may include the sharing of information on regulatory developments, exchanges of views on respective policies, rules and processes concerning deference regimes, such as equivalence, and dialogue about the risk analyses and potential economic impacts of proposed measures. Welcomes the stated desire by both the EU and the UK to sign this Memorandum of Understanding and calls for the participants to begin meetings of the Forum as soon as possible;
Amendment 75 #
Draft opinion
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Welcomes the inclusion of exchanges of views on equivalence decisions within the remit of the Forum on Regulatory Cooperation. Calls for regular discussion and examination of such issues, particularly with respect to financial and investment services, in the interests of increased trade and cooperation;
Amendment 77 #
Draft opinion
Paragraph 13 c (new)
Paragraph 13 c (new)
13c. Notes the potential of the Forum to provide a framework for dispute resolution between both parties in the area of financial services regulation. Welcomes this potential and calls for both parties to engage constructively and in good faith;
Amendment 79 #
Draft opinion
Paragraph 13 d (new)
Paragraph 13 d (new)
13d. Calls for the European Commission to keep the European Parliament fully informed in relation to the operation of the Forum and the Memorandum of Understanding;