FSA asks UK government to be very clear in new legislation

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On Monday, the Financial Services Authority (FSA) in the UK sent a memorandum to the Joint Committee on the Draft Financial Services Bill, setting out its thoughts on the new regulatory regime. "We welcome the opportunity to submit this memorandum," said the FSA. "The Committee's scrutiny presents an important opportunity to debate the major reforms proposed in this Bill, and to identify the key judgements and decisions which parliament and government will need to make during the passage of this

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