European Union Documents
Motion made, and Question put forthwith (Standing Order No. 119(11),
Short Selling and Certain Aspects of Credit Default Swaps
That this House takes note of European Union Document No. 13840/10 and Addenda 1 and 2, relating to the draft Regulation on Short Selling and certain aspects of Credit Default Swaps, and No. 7379/11, relating to the corresponding Opinion of the European Central Bank; and supports the Government’s position that proposals should not impact market efficiency and liquidity, in particular in relation to sovereign debt.—(Mr Vara.)
The Speaker’s opinion as to the decision of the Question being challenged, the Division was deferred until tomorrow (Standing Order No. 41A).
Removing Cross-border Tax Obstacles
That this House takes note of European Union Document No. 5037/11 and Addendum, relating to the Commission Communication on Removing cross-border tax obstacles for EU citizens; recognises the Government’s continuing commitment to strengthening the single market while upholding the principles of tax sovereignty and subsidiarity; shares the Government’s view that any resulting legislative proposals should be examined carefully for their implications for UK tax policy and competence; and supports the Government’s position that decisions on tax proposals within the EU should be subject to unanimity.—(Mr Vara.)
Question agreed to.