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Scotland: What proposed independence means for the competition regime

By  |  November 26, 2013

Scottish officials released a white paper Tuesday outlining potential changes to the government should Scotland become independent. Among the changes were the implementation of financial conduct and competition regulators.

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    The white paper, titled Scotland’s Future: your guide to an independent Scotland, proposed the new regulators separate from UK authorities; the nation, however, would continue to use the pound, and the Bank of England would retain oversight of the entire UK banking system.

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    According to the white paper, independence for Scotland offers “a real opportunity to deliver better outcomes for consumers.”

    The paper was published ahead of a public vote regarding Scottish independence, set for September 18 of next year.

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