Proposal For The Regulatory Reform Financial Services And Markets Act 2000 Order 2007

Author : Great Britain: Parliament: House of Commons: Regulatory Reform Committee
Publisher : The Stationery Office
ISBN 13 : 9780215033321
Total Pages : 46 pages
Book Rating : 4.29/5 ( download)

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Download or read book Proposal for the Regulatory Reform (Financial Services and Markets Act 2000) Order 2007 written by Great Britain: Parliament: House of Commons: Regulatory Reform Committee and published by The Stationery Office. This book was released on 2007-03-23 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the report of an examination of a proposed Order, which would reform the regulation of wholesale and retail financial markets. The unanimous conclusion of the Committee is that a draft Order in the form of the proposal should be laid before the House.

Author : Great Britain: Parliament: House of Commons: Regulatory Reform Committee
Publisher : Stationery Office
ISBN 13 : 9780215034588
Total Pages : 6 pages
Book Rating : 4.89/5 ( download)

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Download or read book Draft Regulatory Reform (Financial Services and Markets Act 2000) Order 2007 written by Great Britain: Parliament: House of Commons: Regulatory Reform Committee and published by Stationery Office. This book was released on 2007-06-14 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: About a proposed Order to reform wholesale and retail financial markets

Author : Great Britain. Treasury
Publisher : The Stationery Office
ISBN 13 : 9780101787420
Total Pages : 76 pages
Book Rating : 4.21/5 ( download)

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Download or read book A new approach to financial regulation written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2010-07-26 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document outlines the Government's programme of reform to renew the UK's system of financial regulation. It believes that weaknesses were inherent in the tripartite approach whereby three authorities - the Bank of England, the Financial Services Authority and the Treasury - were collectively responsible for financial stability. The Government will create a new Financial Policy Committee (FPC) in the Bank of England with primary statutory duty to maintain financial stability. The FPC will be given control of macro-prudential tools to ensure that systemic risks to financial stability are dealt with. This macro-prudential regulation must be co-ordinated with the prudential regulation of individual firms. Operational responsibility for prudential regulation will transfer from the FSA to a new subsidiary of the Bank of England, the Prudential Regulation Authority. The third development is the creation of a dedicated Consumer Protection and Markets Authority (CPMA) with a primary statutory responsibility to promote confidence in financial services and markets. Protection of consumers will be delivered though a strong consumer division within CPMA. The document also covers: the issue of market regulation; co-ordination of the regulatory bodies in a potential crisis; the next steps, including public consultation, legislative passage and operational implementation. The Government will, after considering responses, produce more detailed proposals - including draft legislation - for further consultation in early 2011, with a view to having legislation on the statute book within two years.

Author : Great Britain: Parliament: House of Commons: Regulatory Reform Committee
Publisher : The Stationery Office
ISBN 13 : 9780215033499
Total Pages : 68 pages
Book Rating : 4.93/5 ( download)

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Download or read book Proposal for the Regulatory Reform (Deer) (England and Wales) Order 2007 written by Great Britain: Parliament: House of Commons: Regulatory Reform Committee and published by The Stationery Office. This book was released on 2007-04-02 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: About a proposed Order to amend legislation, the Deer Act 1991, making it easier for individuals to take action to control deer population in England and Wales. It would also introduce various new provisions to that Act regarding deer welfare.

Author : Great Britain: H.M. Treasury
Publisher : Stationery Office
ISBN 13 : 9780101866026
Total Pages : 110 pages
Book Rating : 4.2X/5 ( download)

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Download or read book Banking reform written by Great Britain: H.M. Treasury and published by Stationery Office. This book was released on 2013-07-17 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Services (Banking Reform) Bill aims to establish a more resilient, stable and competitive banking sector; to reduce the severity of a future financial crisis; and to protect taxpayers in the event of such a crisis. It is primarily an enabling Bill, which provides HM Treasury with the requisite powers to implement the policy underlying the Bill through secondary legislation. Three illustrative draft instruments were published in March 2013 in order to aid Parliamentary scrutiny of the Bill, and the Government has continued to develop those instruments. This paper invites comments on a further four statutory instruments: Ring-fenced Bodies and Core Activities Order; Excluded Activities and Prohibitions Order; Banking reform (Loss Absorbency Requirement) Order; and the Fees and Prescribed International Organisations Regulations. Further secondary legislation is planned for pensions and building societies.

Author : Great Britain. Treasury
Publisher : The Stationery Office
ISBN 13 : 9780101854528
Total Pages : 64 pages
Book Rating : 4.28/5 ( download)

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Download or read book Banking Reform written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2013-02-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking reform is the second key pillar of the Government's programme for reform of the financial sector to address the weaknesses exposed by the financial crisis of 2007-09. The first pillar of this programme, reform of financial services regulation, has been legislated in the Financial Services Act that received Royal Assent in December 2012 (2012 Ch. 21, 9780105421122). The Government is now legislating to reform the structure of the UK banking system, through the Financial Services (Banking Reform) Bill (HCB 130, session 2012-13, ISBN 9780215053794) which implements key recommendations of the Independent Commission on Banking, including ring-fencing retail deposits from wholesale banking activities and depositor preference. This document accompanies introduction of the Bill and includes the Government response to the first report of the Parliamentary Commission on Banking Standards (PCBS), which conducted pre-legislative scrutiny on the draft Bill. The response explains where the Government has amended the Bill and includes and impact assessment for the Bill, along with the opinion of the independent Regulatory Policy Committee

Author : Great Britain. Treasury
Publisher : The Stationery Office
ISBN 13 : 9780101826822
Total Pages : 126 pages
Book Rating : 4.26/5 ( download)

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Download or read book A new approach to financial regulation written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2012-01-27 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document accompanies the introduction into Parliament of the Financial Services Bill (HC Bill 278, session 2010-12, ISBN 9780215039545 and Explanatory notes Bill 278-EN, ISBN 9780215039132) and explains the Government's final proposals to reform the failed system of financial services regulation. These proposals follow on from extensive consultation, and a draft of the Bill was subject to pre-legislative scrutiny by a Joint Committee (report published as HL Paper 236/HC 1447, ISBN 9780108474064). This document details the main changes the Government is making to the Bill. Chapters cover: Bank of England and Financial Policy Committee; Prudential Regulation Authority; Financial Conduct Authority; regulatory processes and coordination; European and international regulation. Annexes include the Government's responses to the Joint Committee and to the Treasury Committee's inquiries into financial services regulation. The core proposals are: to establish a strong and expert macro-prudential authority, the Financial Policy Committee within the Bank of England to monitor and respond to systemic risks; to transfer responsibility for micro-prudential management of firms that manage complex risks on their balance sheets to a focused new regulator, the Prudential Regulatory Authority; and to provide for a focused new conduct of business regulator, the Financial Conduct Authority, to ensure that business across financial services and markets is conducted in a way that advances the interests of all users and participants. In any future crisis it will be clear that the Chancellor of the Exchequer is in charge. Regulation of consumer credit will be brought within the remit of the Financial Conduct Authority.

Author : Pierpaolo Marano
Publisher : Springer Nature
ISBN 13 : 3030527387
Total Pages : 439 pages
Book Rating : 4.89/5 ( download)

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Download or read book Insurance Distribution Directive written by Pierpaolo Marano and published by Springer Nature. This book was released on 2021 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.--

Author : Great Britain
Publisher :
ISBN 13 : 9780110291499
Total Pages : 46 pages
Book Rating : 4.92/5 ( download)

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Download or read book The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 written by Great Britain and published by . This book was released on 2001-04-04 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enabling power: Financial Services and Markets Act 2000, ss. 22 (1) (5), 426, 428 (3), sch. 2, para. 25Issued: 04.04.2001. Made: 26.02.2001. Laid: 27.02.2001. Coming into force: In accord. with art. 2. Effect: 1974 c. 39 amended. Territorial extent & classification: E/W/S/NI. General

Author : Great Britain. Treasury
Publisher : The Stationery Office
ISBN 13 : 9780101801225
Total Pages : 138 pages
Book Rating : 4.2X/5 ( download)

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Download or read book A new approach to financial regulation written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2011-02-17 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document presents more detailed proposals for financial regulation following on from the consultation paper "A new approach to financial regulation: judgment, focus and stability" (July 2010, Cm. 7874, ISBN 9780101787420) and continuing policy development by the Treasury, Bank of England and Financial Services Authority. The Government's reforms focus on three key institutional changes. First, a new Financial Policy Committee (FPC) will be established in the Bank of England, with responsibility for 'macro-prudential' regulation, or regulation of stability and resilience of the financial system as a whole. Second, 'micro-prudential' (firm-specific) regulation of financial institutions that manage significant risks on their balance sheets will be carried out by an operationally independent subsidiary of the Bank of England, the Prudential Regulation Authority (PRA). Thirdly, responsibility for conduct of business regulation will be transferred to a new specialist regulator, the Financial Conduct Authority (FCA). Individual chapters cover: Bank of England and Financial Policy Committee; Prudential Regulation Authority; Financial Conduct Authority; regulatory process and co-ordination; compensation, dispute resolution and financial education; European and international issues; next steps; how to respond; impact assessment. The chapters contain significant detail on how the legislative framework will be constructed in order to deliver the Governments' priorities for the framework. The Government will consult on these proposals with a view to publishing a draft bill in spring 2011.