text_body: --- DIVISION TITLE ---
  
  Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018
  
  --- MOTION EFFECT ---
  
  
  
  @ MP voted aye in favour of steps to ensure the regulation of trading in financial instruments continued to operate effectively on the United Kingdom's withdrawal from the European Union.  
  @ MP voted against steps to ensure the regulation of trading in financial instruments continued to operate effectively on the United Kingdom's withdrawal from the European Union.  
  
  The majority of MPs voted in favour of steps to ensure the regulation of trading in financial instruments continued to operate effectively on the United Kingdom's withdrawal from the European Union.  
  
  The motion supported by the majority of MPs in this vote was:
  
  :That the [http://www.legislation.gov.uk/ukdsi/2018/9780111173480 draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018], which were laid before this House on 17 October, be approved.
  
  The regulations relate to the regulation of the buying, selling and organised trading of financial instruments, such as shares, bonds, units in collective investment schemes and derivatives.[1]
   
  The regulations were not intended to make policy changes but to ensure existing legislation continued to operate effectively on the United Kingdom's withdrawal from the European Union[1]. 
  
  The regulations[1]:
  
  * transfer functions from the European Securities and Markets Authority to the UK Financial Conduct Authority, Prudential Regulation Authority and Bank of England as well as transferring regulatory functions of the European Commission to the UK Treasury. 
  * remove obligations on UK authorities to cooperate and share information 
  with European Economic Area authorities
  * enable the functioning of the Temporary Permissions Regime to enable European firms and funds a transition period to adjust to UK regulations.
  * introduce emporary powers relating to the disclosure fo price and volume information on trades.
  
  * [1] [http://www.legislation.gov.uk/ukdsi/2018/9780111173480/pdfs/ukdsiem_9780111173480_en.pdf Draft Explanatory memorandum to the Draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  