By Solicitors Journal - 11 August 2015
Fixing buyouts in the financial services sector is proving a tough nut to crack, discusses Darren Isaacs
A year after they started consulting, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) still don't know what to do about buyouts in the financial services sector.
Having started off with four options in their consultation paper back in July 2014, in a recent policy paper (June 2015) they have now narrowed this down to two options (see below) they wish to consider further, but with no signs of when a final determination will be made.
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