"Tackling issues of legal uncertainty, or misunderstanding, present and future, in the wholesale financial markets"

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--Welcome to the FMLC Website

The role of the Financial Markets Law Committee is to identify issues of legal uncertainty, or misunderstanding, present and future, in the framework of the wholesale financial markets which might give rise to material risks, and to consider how such issues should be addressed. It will also act as a bridge to the judiciary to help UK courts remain up-to-date with developments in financial markets practice.

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10 June 09

Issue 97: European Contract Law
Letter from Lord Woolf to Ministry of Justice re Common Frame of Reference - June 2009

10 June 09 Issue 136: Intermediated Securities
Letter from Lord Woolf to Mr Holmquist, European Commission re Consultation Paper: Legislation on Legal Certainty of Securities Holding & Dispositions - June 2009
10 June 09 Issue 141: Landsbanki Freezing Order 2008
Legal Assessment of the impact on the financial markets - Report May 2009
(Revocation of the Landsbanki Freezing Order: http://www.hm-treasury.gov.uk/d/finsanc_landsbanki_110609.pdf )
10 June 09 Issue 143: OCR: Location of Intangible Assets
Letter from BERR re Consultation on OCR 2009 & the Government response - May 2009
8 May 09

Issue 143: OCR - Location of Intangible Assets
Letter from Lord Woolf to Ms Scrope, BERR - May 2009
Consultation on the draft Overseas Companies (Registration of Charges) Regulations 2009

5 May 09 Issue 133: Banking Reform Depositor Protection
Letter from Lord Woolf to Banking Reform Team, HM Treasury - April 2009
2 April 09 Issue 103: Prospectus Directive - Public Offer
Letter from Lord Woolf to Mr Holmquist: in Response to EC consultation - March 2009
19 Feb 09 Issue 133: Banking Reform, Depositor Protection - The Special Resolution Regime: Safeguards for Partial Property Transfers - Report January 2009
2 Jan 09

Issue 76: Transparency Obligations Directive Liability
Letter to HMT in response to their July 2008 consultation paper 'Extension of the Statutory regime for issuer liability'