FSA Fees

The FSA has issued PS10/7 – “Consolidated Policy Statement on our fee-raising arrangements and regulatory fees and levies 2010/11”. As mentioned in Regulatory Roundup #5, fees will be a combination of a basic minimum £1,000 plus a ‘straight line recovery’ which basically means the fees now increase in proportion to [...]

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FINMAR

FINMAR will be the abbreviation given to a new Handbook module: the Financial Stability and Market Confidence Sourcebook. It is referenced in the latest consultation paper from the FSA – CP10/11 “Implementing aspects of the Financial Services Act 2010”. The CP has been released following the Financial Services Bill 2010 [...]

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Financial Services Bill 2010

The last Regulatory Roundup provided an update on the progress of the Financial Services Bill 2010 which amends FSMA 2000. Possibly as a result of the ‘wash-up’ process following the announcement of the date of the General Election, the Bill received Royal Assent on 8th April. Its many features include [...]

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The Financial Services Bill

The Financial Services Bill had its second reading in the House of Lords on 15 March 2010. The Bill’s many sections detail a new financial stability objective for the FSA, allow the FSA to prohibit or require disclosure of short selling, and strengthen disciplinary powers for the FSA, amongst other [...]

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