A copy of the Financial Services (Banking Reform) Act 2013 was published today on the UK legislation website: see here or here (pdf). The Act became law yesterday and will be supported by secondary legislation. In this regard, the Government yesterday published a summary of the responses received in respect of four proposed statutory instruments: see here (pdf). The Government also explained how it intends to proceed in respect of these statutory instruments, which include the Ring-fenced Bodies and Core Activities Order; Excluded Activities and Prohibitions Order; Banking Reform (Loss Absorbency Requirements) Order; and Fees and Prescribed International Organisations Regulations).
Thursday, 19 December 2013
UK: Financial Services (Banking Reform) Act 2013 - copy of Act published and update on secondary legislation
A copy of the Financial Services (Banking Reform) Act 2013 was published today on the UK legislation website: see here or here (pdf). The Act became law yesterday and will be supported by secondary legislation. In this regard, the Government yesterday published a summary of the responses received in respect of four proposed statutory instruments: see here (pdf). The Government also explained how it intends to proceed in respect of these statutory instruments, which include the Ring-fenced Bodies and Core Activities Order; Excluded Activities and Prohibitions Order; Banking Reform (Loss Absorbency Requirements) Order; and Fees and Prescribed International Organisations Regulations).
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