Law360: Two MPs have accused the Financial Conduct Authority (FCA) of being stifled by bureaucratic inertia over its response to the British Steel pensions transfer scandal and have called upon the FCA to establish a specialist unit for responding more rapidly to complaints.
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Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement
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