Paper on proposed changes to supervisory review

The UK Treasury has issued a discussion paper on proposed changes to the supervisory review process for mergers and acquisitions in the financial sector which considers the rationale for reform of the existing regime.

At the time the Treasury published its March 2006 consultation document, there was no indication that the EU review would be expedited to one year, but because this has now happened the Treasury has decided that it should not separately pursue changes to the controller's regime.

The

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