The FSA has launched a new section on its website to keep financial services firms informed every month of progress on EU directives and attached regulatory changes.
Details of the Financial Services Action Plan section point out the FSA has to ensure the UK regulatory regime complies with EU directives – and without applying “gold plating” on regulations unless the watchdog feels higher standards are required. However, there has been an array of new EU directives over recent years affecting the financial services sector, so the web pages will focus on the most complicated of directives, offering links to updates and associated documents from the European Commission and Parliament, the CESR, the Treasury and FSA on: Market Abuse Directive; Markets...
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