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01 May 2008 / George Davies , Richard Burger , Peter Steel
Issue: 7319 / Categories: Features , Public , Regulatory , Commercial
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Regulatory Column

The Practitioner

What a Mess!

The late, great Frank Muir used to write about the antics of a rather scruffy Afghan Hound. All those who came across the unfortunate mutt would exclaim: “What a mess!” Unsurprisingly, the poor animal came to believe that this was in fact his real name. One would not be surprised to find that those whose task it is to contain the perennial problem of insider dealing and market abuse in the UK might have a similar reaction when they try and implement the latest initiatives from HM Treasury and the Financial Services Authority (FSA) in this area.

HM Treasury recently produced a “consultation paper” dated 7 February 2008. It's always hard not to think of the words “kick” “long” and “grass” when one sees the word “consultation” in this context but perhaps genuine input from market users is what HM Treasury wants (or needs) this time round.

Defining Market Abuse

Since the adoption of the Market Abuse Directive (MAD) in July 2005, s 118 of the Financial Services and Markets Act 2000 (FSMA

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MOVERS & SHAKERS

Gateley Legal—Jack Kelly

Gateley Legal—Jack Kelly

Gateley Legal expands Midlands residential development team

Gibson Dunn—Richard Surtees

Gibson Dunn—Richard Surtees

Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees

Laytons ETL—Alec Cameron

Laytons ETL—Alec Cameron

Laytons ETL appoints new partner and head of intellectual property disputes

NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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