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Financial Services Bill receives Royal Assent
The Financial Services Bill has received Royal Assent, paving the way for a new financial regulator which will be able to cap the cost of credit. The UK government announced today (19 December) that the bill has become an Act of Parliament, known as the Financial Services Act, and its provisions will come into effect on 1 April 2013. This Act will pave the way for the scrapping of the tripartite regulatory system and the creation of a new regulatory regime....More on this story: Financial Services Bill receives Royal AssentYou must be logged in to post a comment.
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