UK:
The Financial Services Bill - Pre-Election Sound Bites?
01 December 2009
CMS Cameron McKenna Nabarro Olswang LLP
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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
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Law-Now information is for general purposes and guidance
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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.
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