Written question asked by Lord Marlesford (Conservative), in the House of Lords. It was answered by Lord Davies of Oldham (Labour) on Tuesday, 20 May 2008.

EU: Savings Directive

Question: asked Her Majesty's Government:Further to the Written Statement by Lord Davies of Oldham on 3 April (WS 123-25), which countries outside the European Union have come into the framework of the European Union savings directive; on what dates such agreements were reached; and with which countries the European Commission is in discussions with a view to bringing them into the framework of the directive.

Answer: The following countries and territories outside the European Union participate in the framework of the savings directive under agreements signed in 2005 when the directive came into operation: Andorra, Monaco, Liechtenstein, San Marino, Switzerland, Jersey, Guernsey, Isle of Man, Anguilla, British Virgin Islands, Cayman Islands, Turks and Caicos Islands, Montserrat, Aruba and Netherlands Antilles. In October 2006 the Council of Ministers asked the Commission to open exploratory discussions with Hong Kong, Singapore and Macao as a first step in extending the framework to other important financial centres. Informal discussions have taken place with a number of other countries.

Secondary information

Type: Written question
Reference: 3529; 701 c175WA
Session: 2007-08
Related items: EU: Economic and Financial Affairs Council
Thursday, 3 April 2008
Written statements
House of Lords
Subjects: Disclosure of information EU law Financial institutions International cooperation Personal savings
Link: View this Written question on www.publications.parliament.uk