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Legislation / Legal
FSA: The Financial Services Authority (FSA) has last week been granted a new power to deliver prompt & effective redress for consumers. The new power was part of April’s Financial Services Act 2010 and has been activated (along with other changes) by a Commencement Order laid in Parliament by HM Treasury.
The new power would be used in instances when there is evidence of widespread or regular failings that have caused consumer detriment. It is a rule making power, so the FSA must undertake cost-benefit analysis and consult each time it wants to establish a redress scheme.
HO: The Rt Hon Sir Scott Baker will lead an independent panel to conduct a review into the UK's extradition arrangements, the Home Office has announced. The review will look in detail at the following 5 key areas of extradition legislation:
* the breadth of Home Secretary discretion in an extradition case
* the operation of the European Arrest Warrant
* whether the forum bar to extradition should be commenced
* whether the US-UK Extradition Treaty is unbalanced
* whether requesting states should be required to provide prima facie evidence
