Financial Services Bill progress
The Financial Services Bill is due to receive its second reading in the House of Lords (when all aspects of the bill will be debated) on 23.02.2010. In its current form the Government bill, which has so far remained intact throughout its progress through the House of Commons, proposes to allow consumers to join together to bring claims against FSA-regulated professionals (such as financial advisers and insurance brokers) in cases where there has been a mass failure of practice which has affected significant numbers of consumers. If the proposals become law, they will reduce the cost to consumers of making claims against financial services professionals which arise out of endemic (as opposed to “on-off”) mistakes or bad advice.
We’ll be tracking the progress of the bill until it receives Royal Assent on the Fenchurch Law twitter feed.
Other news
(Not) the new LEG clauses.
10 October 2024
Let me start by making something clear. The clauses referred to below are NOT the new LEG clauses. Whilst I have made…
You may also be interested in:
Archives
Categories
- Case Law
- Professional Risks
- Press Release
- Uncategorized
- The Good, the Bad and the Ugly
- Fenchurch Law Webinars
- Stonegate
- Newsletter
- Events
- Webinars
- Comparing German and English Insurance Law – A Series
- Construction Risks
- Operations
- Business Development
- Construction & Property Risks
- News
- International Risks
- Legislation
- Financial & Professional Risks