Britain's financial services industry must recognise the big changes set to be unleashed by a pending wave of directives, regulations and other measures, the Treasury says.
A document jointly published by the Treasury, the FSA and the Bank of England outlines 20 different EU measures likely to affect the financial industry over the next three to four years. 'The EU Financial Services Action Plan: Delivering the FSAP in the UK' points out businesses and authorities need to consider the "snowballing" effect of these measures as they interact and/or overlap each other. The FSAP timeline over the next two years is as follows, the Treasury adds: Measures adopted but not yet implemented in the UK Implementation deadline 4th/7th Company Law DirectivesQ1, 200...
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