FSA has released details of its initial interim regime for regulating sale and rent back market activities. It has not made many changes from its consultation. FSA explains the application process for interim authorisation and its timetable for introducing the full regime. The new rules, which are in near final form will amend the Glossary, SYSC, FEES, MCOB, TC, SUP and DISP.
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FSA publishes interim sale and rent-back regime
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