Treasury has published a second statement of "new regulation". It notes that by the end of 2011 it will have achieved (where it has not already done so):
- full FSA regulation of the sale and rent back market;
- a protected cell regime for UK open-ended investment companies;
- modern rules for mutuals; and
- early implementation of parts of the amended Prospectus Directive.
(Source: Statement of New Regulation 2)