Clyde & Co's May 2010 Dispute Resolution Newsletter
Since our last newsletter, there have been significant developments in the regulatory arena. Key legislation has been published and has come into force. The Financial Services Authority (FSA) has now been added to the list of agencies which have the power to grant immunity from prosecution as a result of the Coroners and Justice Act 2009 coming into force on 6 April 2010. This provides statutory backing for the FSA's existing leniency policy for co-operating witnesses in market abuse cases and will encourage more whistleblowers to come forward so the FSA can prosecute more cases.
Since our last newsletter, there have been significant developments in the regulatory arena. Key legislation has been published and has come into force. The Financial Services Authority (FSA) has now been added to the list of agencies which have the power to grant immunity from prosecution as a result of the Coroners and Justice Act 2009 coming into force on 6 April 2010. This provides statutory backing for the FSA's existing leniency policy for co-operating witnesses in market abuse cases and will encourage more whistleblowers to come forward so the FSA can prosecute more cases.