Thursday 8 April 2010

UK: the Financial Services Bill - update

The Financial Services Bill passed the Committee Stage in the House of Lords yesterday evening. As part of the wash-up negotiations, clauses 18 to 25 - which would have introduced a mechanism for collective action in financial services claims - have been removed from the Bill.

Today the Bill will have its Third Reading and the Lords amendments will be considered by the Commons. Royal Assent then follows.

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