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    Government to confront Lords over finance bill

    Government to confront Lords over finance bill

    The government is to use the guillotine to force through an amendment reversing its Lords defeat on the Financial Services and Markets Bill in the Commons.

    Author Date published May 25, 2000 Categories

    The change will restore the supremacy of the Financial Services Authority by removing provisions giving firms a ‘safe harbour’ from action over alleged ‘market abuse’ during a takeover battle provided they can show they have complied with the Takeover Panel.

    Bill chaos spells delay for FSA investment powers

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