Draft SI to Implement Insolvency Changes for IPS's

Hot off the press is a new draft Statutory Instrument to implement the changes proposed in "Growth through Co-operation" .

I haven't had time to look through it or comment on it yet and I'm not sure if I'll be able to, but here it is if anyone else can manage it. Comments are welcome. Send them to: 

Responses needed to ipsconsultation@hmtreasury.gsi.gov.uk by 20th September 2013

© Ian Snaith 2013 This work is licensed under the 
This work is licensed under a Creative Commons Attribution-ShareAlike 2.0 UK: England & Wales License.

Advice to FSA on New Registration Guidance

From the Autumn of 2011 until March 2012 I was involved, as part of a team in Cobbetts LLP in developing advice for the FSA on the registration requirements for co-operatives and community benefit societies. Those involved were Michael Cook and Ramona Taylor of the FSA, and Kevin Jaquiss, Cliff Mills and Ian Snaith of Cobbetts LLP. On 27th February 2012 a consultation meeting on the opinion and linked matrix about financial services regulation was held at Cobbetts LLP. The meeting was attended by a representatives of a wide range of co-operative and social enterprise bodies and advisors, invited by the FSA. Here is the advice and here is the matrix put online at the request of Michael Cook.

It will be interesting to see what the next stage of this process will be from the FSA which is currently undergoing substantial reorganisation in readiness for the changes in the Financial Services Bill 2012 and the draft regulations referred to here.

© Ian Snaith 2012 This work is licensed under the Creative Commons Attribution-NonCommercial-Noderivs 2.0 England and Wales Licence. To view a copy of this licence visit http://creativecommons.org/licenses/by-nc-nd/2.0/uk/ or send a letter to Creative Commons, 559 Nathan Abbott Way, Stanford, California 94305, USA