UK Securities Law Update Q2, 2010
By Ronan OSullivan & Ross McNaughton
In this edition of our UK securities law update we discuss the governments proposals to abolish the Financial Services Authority (FSA) and the impact that this will have on the regulation of listed securities in the UK. We also consider the recent announcement of the Office of Fair Trading (OFT) in relation to its intended market study of equity underwriting, as well as the recent FSA sanction against Photo-Me for its delay in disclosing inside information. Finally, we look at the European Commissions consultation communication regarding the European regulation of short selling and credit default swaps.
This briefing will be of interest to issuers with or contemplating a UK listing, as well as investors in UK securities.