The
Financial Services Bill received
Royal Assent yesterday and becomes known as the Financial Services Act 2010. Missing from the Act - following the
wash-up negotiations - are provisions that would have created a Financial Stability Council, imposed a statutory obligation on the
Financial Services Authority to promote international regulation and supervision, and introduced a mechanism for collective action in financial services claim. In due course a copy of the Act will be available
here.
Update: a copy of the Act is available
here (
pdf).
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