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USA: Bank Services

Volume 481: debated on Tuesday 21 October 2008

To ask the Secretary of State for Foreign and Commonwealth Affairs pursuant to the answer of 14 July 2008, Official Report, column 130W, on the USA: bank services, what progress has been made on establishing guiding principles for intervention in extraterritoriality cases since July 2008. (225943)

While discussions on guiding principles are still ongoing, we continue to oppose the excessive use of extra-territorial legislation. There has been continued regular contact with UK companies about the applications of US extraterritoriality, and we continue to raise the issue with US interlocutors of the excessive extraterritorial reach of US jurisdiction as appropriate.