Letter to HM Treasury: Reforms to the Special Administration Regime for Investment Banks: 22 June 2016

The FMLC wrote to Mr Jones of HM Treasury in response to HM Treasury’s March 2016 consultation paper on reforms to the investment bank special administration regime (SAR). While the FMLC considers that the proposed changes will speed up and simplify the process of SAR administration, it has identified a number of issues in relation to the proposal on transfers of client assets which may cause legal uncertainty.

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