Friday 8 March 2013

UK: FInancial Services (Banking Reform) Bill - draft secondary legislation

The Government announced yesterday that it had published for the benefit of parliamentarians draft secondary legislation that will be made under the Financial Services (Banking Reform) Bill (the Bill receives its second reading next week): see here. These include the draft Financial Services and Markets Act 2000 (Ring-fenced Bodies and Core Activities) Order; the draft Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order; and the draft Financial Services and Markets Act 2000 (Fees and Prescribed International Organisations) Order. Drafts for public consultation will be published later this year.

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