UK:
The Financial Services Bill - Pre-Election Sound Bites?
01 December 2009
CMS Cameron McKenna Nabarro Olswang LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Financial Services Bill was finally published after the
Queen's Speech on Wednesday 18th November. The main areas in
which the bill introduces changes are:
- FSA's powers under the Financial Services and Markets Act
2000
- The tripartite system
- FSA's macro-prudential role
- Remuneration of executives
- Recovery and resolution plans
- Short selling
- FSA disciplinary powers
- Class actions, consumer redress schemes and restrictions on
credit card cheques
For a high-level summary of the measures contained in the bill,
please click here
This article was written for Law-Now, CMS Cameron
McKenna's free online information service. To register for
Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance
only. The information and opinions expressed in all Law-Now
articles are not necessarily comprehensive and do not purport to
give professional or legal advice. All Law-Now information relates
to circumstances prevailing at the date of its original publication
and may not have been updated to reflect subsequent
developments.
The original publication date for this article was
25/11/2009.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).