Update: a copy of the Act is available here (pdf).
Friday 9 April 2010
UK: the Financial Services Act 2010
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.
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