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

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The original publication date for this article was 25/11/2009.