Misplaced Pages

Financial Services Act 2010

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Financial Services Act 2010" – news · newspapers · books · scholar · JSTOR (March 2010) (Learn how and when to remove this message)

The Financial Services Act 2010 (c. 28) is an Act of the Parliament of the United Kingdom which regulates bonuses paid to employees of banks. It was announced on 27 September 2009 by Prime Minister Gordon Brown on The Andrew Marr Show on BBC One. Brown said that the new law would be included in the next Queen's speech and was the result of talks at the G20 summit in Pittsburgh where other countries were looking at similar action. He also said that the Act's purpose would be to ensure that bankers after the global economic crisis do not go back to "business as usual".

Provisions

The proposed Act is expected to include penalties for banks that do not follow a set of standards for methods of remuneration.

See also

UK legislation
Pre-parliamentary legislation
Acts of parliaments of states preceding
the Kingdom of Great Britain
Parliament of England
Parliament of Scotland
Acts of Parliament of the
Kingdom of Great Britain
Acts of the Parliament of Ireland
Acts of Parliament of the United Kingdom of
Great Britain and Ireland and the United
Kingdom of Great Britain and Northern Ireland
relating to the European Union (formerly European Communities)
By session
Church of England measures
Legislation of devolved institutions
Parliament of Northern Ireland
Northern Ireland Assembly (1973)
Scottish Parliament
Senedd Cymru
Northern Ireland Assembly
Secondary legislation
Category: