A PYMNTS Company

U.K.: FSA demands full suite of competition powers

By  |  September 26, 2012

The incoming Financial Conduct Authority should have a full range of competition powers similar to those available to the Office of Fair Trading at its disposal to help address the ineffectiveness of markets, according to the Financial Services Authority. According to the watchdog, the approach currently put forward in the Financial Services Bill will require the FCA to make a public request to OFT to consider using market investigative reference powers, which it said could lead to a disconnect between powers and expectations.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: FTAdvisers

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.