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The Overseas Companies (Execution of Documents and Registration of Charges) Regulations 2009 (RoC Regulations) now provide that (a) no "Slavenburg" registrations of charges created after September 30 will be accepted and (b) charges may only be registered against foreign companies which have a place of business in the UK registered with the Registrar of Companies
On October 22, the UK Financial Services Authority (FSA) issued a discussion paper on issues raised by the Turner Review (as reported in the March 20 edition of Corporate and Financial Weekly Digest
On October 14, the UK Treasury announced that UK subsidiaries and branches of the following eight leading overseas banksBank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities Ltd, Morgan Stanley, Nomura and UBShave confirmed their commitment to the UK Financial Services Authority (FSA) Rule on remuneration practices and the supporting Code, which was published in August and is due to come into force on January 1, 2010 (as reported in the August 14 edition of Corporate and Financial Weekly Digest
