The new regulations being proposed will be a significant step forward.
This is why we are now proposing regulation for liability.
The agency might propose regulations if the response to the advisory was not adequate, he said.
It is they who would have to pay the price for the centralised regulation proposed by the Commission.
But it has also proposing regulations that would protect the banks from such liability.
There is no scientific evidence that we need the kind of excessive regulation proposed in the Lucas report.
Proposing legislation, policies, and regulations has been used to help alleviate the situation.
The Board proposed new regulations to counter employees controlling their own investment funds.
The commission may later propose guidelines or formal regulations for public comment.
The commission must approve regulations proposed by the rule-making board.