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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.

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.

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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