Law360, New York (May 28, 2008, 12:00 AM EDT) -- On May 15, 2008, the Federal Energy Regulatory Commission ("FERC") clarified its position on enforcement and announced a new "enforcement package." As a result, it is likely that FERC will increase the number of enforcement actions it brings in the coming year and further, that the penalties will be more severe.
FERC, through this "enforcement package," has outlined to regulated entities how it makes enforcement decisions, provides expanded rights, and offers more access to "No-Action Letters."
These changes, while highlighting FERC's stepped-up enforcement agenda, also arm...
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.