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Last Updated: Wednesday, 15 November 2006, 13:17 GMT
Exchanges and Clearing Houses Bill
AIM
This is a bill dealing with the 'proportionate risk-based regulatory regime that has made London a magnet for international business'.

It gives powers to the Financial Services Authority powers over any regulations introduced by exchanges or clearing houses.

The Government would remain neutral on the question of foreign ownership of exchanges.

This is a politically sensitive issue due to the possibility of a foreign takeover of the London Stock Exchange.

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