UK Bribery Act Faces 2nd Delay

Law360, New York (January 31, 2011, 7:20 PM EST) -- The British government has reportedly delayed implementation of its sweeping new anti-bribery law yet again, this time for an additional three months.

The Financial Times on Monday reported that U.K. Minister of Justice Ken Clarke delayed the effective date of the U.K. Bribery Act, which was set to take effect in April, until the government can produce new guidelines for how businesses should adapt to the new anti-corruption regime.

The law would then come into force three months following publication of the guidelines, the Times reported....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.