2008-07-09 — typepad.com
" “Despite the fact that it purports to form part of the Code of Market Conduct, the FSA has introduced part of the new (shorting) provision as a 'rule',†Fox said. The Code, he added, is meant to consist of ‘guidance’, not ‘rules’. “The FSA simply does not have the power to make 'rules' within the Code," said Fox"
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