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Corporate and commercial news
Business registrations 'on the rise'
25 January 2012
Being positive about 2012 | Business opportunities and the Budget seminar
12 January 2012
Value of deals 'rises in South East'
9 January 2012
Firms 'unprepared' for pension changes
5 January 2012
Bank funding 'eludes tenth of SMEs'
4 January 2012
Trade rules enforcement to change
15 December 2011
Treasury mulls new corporate governance watchdog
29 July 2010
The Treasury has proposed merging the Financial Reporting Council (FRC) with the UK Listings Authority to create a new watchdog for corporate governance. Under the plans, the UK Listings Authority would be separated from the Financial Services Authority and merged with the FRC to be supervised by the Department for Business, Innovation and Skills.
A statement from the Treasury said that "within the proposed new regulatory architecture, there is a strong case for a powerful companies regulator" which would have responsibility for regulating corporate governance, corporate information and its disclosure, and the stewardship of companies by institutional shareholders.
The proposal is part of a consultation document released by the Treasury recently detailing the Government's plan to review the financial regulation system. The new body, if it goes ahead, would have responsibility for offences such as insider trading and accounting fraud. "Today is a crucial milestone in our programme of reform," said Financial Secretary to the Treasury Mark Hoban.
B P Collins' team of experienced corporate and commercial solicitors understand that clients expect pragmatic and commercial solutions and assistance in understanding and mitigating risk. We are committed to building long term relationships that help businesses to grow.
Posted by Simon Deans.
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