FMLC has published several papers:  

  • comments on the effects of the Landsbanki Freezing Order on the financial markets: it notes the unintended consequences of Treasury’s decision to make this order under anti-terrorism legislation and makes recommendations on how the process could have been improved;  
  • response to the Commission on its consultation on legislation on legal certainty of securities holding and dispositions: it notes in particular outstanding problems of conflicts of law; and  
  • response to the Ministry of Justice on a proposed Common Frame of Reference in European Contract Law. FMLC feels a mandatory European Civil Code would be the only way to implement the proposals and disagrees with such a Code, which it says would threaten many of the legal fundamentals on which financial markets rely.