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There is a considerable amount of legislation either in the European ‘pipeline’ or dependent upon decisions taken by other bodies at an international level. Some of the EU initiatives require Treaty changes, others do not. Some of the outstanding pieces of legislation are directly linked to the financial crisis, others pre date it, but have been amended in some cases to reflect new circumstances. This note tries to explain the various strands

Note: this document is of historic interest only. The proposals mentioned here have become legislation already and enacted in their several ways in the UK and in the rest of the EU.


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