FSA has announced a range of measures to help investors who got unsuitable advice or misleading materials relating to Lehman-backed structured products. It has found significant failings and the actions it is taking will apply to all structured products in future:
United Kingdom, Insolvency & Restructuring, Securitization & Structured Finance, Dentons, Marketing, Public limited company, Lehman Brothers, FSA
Treasury has made a new set of Financial Markets and Insolvency Regulations that change the insolvency regime that applies to RIEs and RCHs. The Regulations amend several existing pieces of legislation including Part VII Companies Act 1989 and the 1991 Regulations. The changes include:
United Kingdom, Capital Markets, Insolvency & Restructuring, Dentons, Bankruptcy, Liquidation, Default (finance), Companies Act