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ARTICLE · 01 AUGUST 2012

Weekly Financial Services Regulatory Update - Week To 20.07.12

19 July: Regulating bidding for emission allowances under Phase Three of the EU Emissions Trading Scheme: Feedback to CP12/6.

United KingdomFinance and Banking

Consultation papers:

No new developments this week.

Discussion papers:

No new developments this week.

Policy statements:

19 July: Regulating bidding for emission allowances under Phase Three of the EU Emissions Trading Scheme: Feedback to CP12/6. The FSA has published a Policy Statement outlining the feedback received to its Consultation Paper on regulating bidding for emissions allowances under Phase Three of the EU Emissions Trading Scheme. The paper sets out the near-final rules which will be finalised at a Board meeting on 26 July 2012.

http://www.fsa.gov.uk/library/policy/policy/2012/12-12.shtml

Press releases:

19 July: FSA secures redress for victims of boiler room scam. The FSA has successfully obtained a court order against Sinaloa Gold Plc and one of its directors, which will ensure that the 79 victims of the firm's boiler room scam will receive some of their money back. Over £1 million has been ordered to be paid to the FSA to distribute

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