All firms undertaking sale and rent back agreements now have to be authorised by the FSA, so giving consumers greater protection. A key feature of the full regime will be that all consumers who undertake a sale and rent back agreement will have a guaranteed minimum tenancy of five years.
This Note sets out how individuals who believe they are victims of a government's failure to respect an EU obligation, or that they have been negatively affected by an EU act or a failure to act, can seek judicial and non-judicial remedies.
This Paper is a summary of many of the financial services legislative initiatives announced by the EU in the immediate aftermath of the financial crisis in 2008/9.
The Bill would allow the Northern Ireland Assembly to delegate the authority for determining Assembly Members' salaries and allowances either to an independent body or to the Northern Ireland Assembly Commission. The Bill specifies that an independent body would have to be established by Act of the Assembly, whereas authority could be delegated to the Commission by resolution of the Assembly. The Bill includes provisions to prevent Assembly Members who also sit in the House of Commons or the European Parliament from drawing their Assembly salaries. They would still be entitled to full allowances in connection with each mandate they hold.
This is a report of the Committee Stage of the Bill. It complements Research Paper 10/09, which gives more detail on the provisions of the Bill. The Bill strengthens local government overview and scrutiny committee powers in relation to partner organisations, so that they could potentially cover a greater range of external authorities. The Bill has Government support and was not amended in Committee.
The purpose of the Bill is to amend existing legislation governing the relationship between insurers and claimants, with specific regard to 'third parties', to make it easier and less expensive to claim compensation from insolvent defendants. Current legislation dictates that claimants must establish an insolvent defendant's liability before bringing a separate claim against their insurer. The Bill would enable claimants to sue the insolvent defendant's insurer directly, without having to sue the wrongdoer first. The Bill's provisions are largely uncontroversial, and have widespread support from the majority of stakeholders.
On 22 February 2010 the House of Commons held a general debate on the report of the Select Committee on Reform of the House of Commons, Rebuilding the House. This Note outlines the motions, that were based on recommendations in the Committee's report, that the House agreed to on 22 February and also on 4 March 2010, when those motions objected to on 22 February were put to the House again with selected amendments.
BAE Systems was accused of corruption, specifically making bribes, in regard to the Al Yamamah arms agreement with the Saudi Arabian Government. This was investigated by the Serious Fraud Office (SFO) following the leaking of a letter from the then Director of the SFO to the former Permanent Secretary at the Ministry of Defence.
The SFO discontinued its inquiry in December 2006, citing the need to safeguard national and international security, a move which was supported by the then Prime Minister, Tony Blair. A legal challenge that the SFO's decision was unlawful was not successful.
In addition to the allegations surrounding Al Yamamah, parallel SFO investigations were also conducted into a number of other BAE defence contracts in South Africa, Chile, the Czech Republic, Romania, Tanzania and Qatar.
In February 2010, BAE Systems reached a settlement with the US Department of Justice (DoJ) to plead guilty of conspiring to make false statements to the US Government in connection with certain regulatory filings and undertakings, including the Al Yamamah agreement as well as contracts with the Hungarian and Czech governments.
In March 2010, BAE Systems pleaded guilty to conspiring to defraud the United States by impairing and impeding its lawful functions, to make false statements about its Foreign Corrupt Practices Act compliance program, and to violate the Arms Export Control Act and International Traffic in Arms Regulations. It was given a $400 million fine and agreed to take measures in order to stay within US and foreign laws concerning corruption and the exports of arms. The company also agreed to retain an independent compliance monitor for three years to assess its compliance program and to make a series of reports to the company and the DoJ.
This Standard Note is referred to in the Research Paper, The Bribery Bill (RP 10/19).
The following note looks at the number of councillors by party in Great Britain since 1979.
In 2009 there were around 4,700 fewer councillors in Great Britain than in 1979. This is as a result of numerous changes to the structure of local authorities, particularly the introduction of unitary authorities in Wales and Scotland in 1995, when the number of councillors fell by 1,605.
In 2009 the Conservatives are 5,270 councillors better off compared to 1996 when they had 4,276 councillors. Labour has less than half the number of councillors compared to 1996 (11,000). The Conservatives have also seen a gradual increase in the number of councils it controlled in England since 1998 when they had 24 compared to 209 in 2009. Labour on the other hand had seen a steady decrease since 1998 when they controlled 140 councils to the current level of 37 councils in 2009.
This Paper summarises the committee stage of the Crime and Security Bill 2009-10. It supplements Research Paper 09/97 which was produced for the Bill’s second reading. The remaining stages of this Bill in the Commons are due to be taken on Monday 8 March 2010.