On November 22, the Financial Markets Law Committee (FMLC) published its final response comments to HM Treasury’s June 2011 consultation on the government’s new UK financial services regulatory structure.

The FMLC’s response identifies several areas of concern and focuses on the following topics: coordination between regulatory authorities; enforcement; regulatory processes, permission and regulated activities; European Union passporting; listing of securities and extra-territoriality; rules and guidance; administrative discretion and other powers; and systemically important infrastructure.

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