The decision to split the Financial Services Authority (FSA) between the Bank of England and a new Consumer Protection and Markets Authority (CPMA) was greeted unenthusiastically by lawyers, many of whom questioned the need for such upheaval given the FSA's improved performance over the last couple of years. Now a further plan to extract the UK Listing Authority (UKLA) from the FSA and relocate it within the Financial Reporting Council (FRC) is generating another wave of discontent.
October 13, 2010 at 06:32 AM
1 minute read
The original version of this story was published on Legalweek
In-house lawyers are lobbying against moves to shake-up regulation of share offerings. Alex Aldridge reports
The decision to split the Financial Services Authority (FSA) between the Bank of England and a new Consumer Protection and Markets Authority (CPMA) was greeted unenthusiastically by lawyers, many of whom questioned the need for such upheaval given the FSA’s improved performance over the last couple of years.
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