Macfarlanes’ briefing outlines the latest financial services developments, including a look at the Bank of England and the FSA’s joint paper on banking supervision, the EU Council’s view on short-selling and credit default swaps, and dark liquidity principles.

Applying for authorisation from the Financial Services Authority is a significant undertaking. This guide from Eversheds explains how the process works, what you as an applicant will have to, and which issues will need to be considered.