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The Chief Executive of the transport group Stagecoach said that a service bus dedicated to pensioners might be a response to the request of the Government for bus drivers find ￡ 100 m of savings in the concessional fares scheme.

Government consults on changing the way bus are reimbursed for the plan costs ￡ billion per year that is used by the 11 million people.

M. Souter hope not be forced to cut services to find the necessary economies, but would not exclude the.

"It y situations, as Worthing, where we have services accessory with 70pc of passengers on concessional fares," said Mr. Souter. "Develop a Granny Bus as we have developed a Magic Bus?" A bus goes less frequently - and more slowly because the grandmothers do not like being thrown around. ?

Due diligence is approximately 225 m ￡ its nearly billion of ￡ year bus UK income in concessions scheme. ""You cannot justify a small high frequency running if income lies the idiot numbers bus"added Mr. Souter." "" "You have to look at lower frequency with large buses running.

He agreed that the issue was politically difficult. "It is a little fair sensitivity in local communities of concession regime change," he says, noting how many cities tories had large populations of residents.

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WASHINGTON (Reuters) – The securities regulator on Friday started sketching out how the market will start receiving "real-time" information about trading in the roughly $600 trillion over-the-counter derivatives market.

The Securities and Exchange Commission and fellow market regulator the Commodity Futures Trading Commission are writing dozens of rules for the opaque market.

On Friday, both regulators started to define parameters for the warehouses or repositories that will store the swaps trade data.

The SEC is mulling registration of the so-called swaps data repositories and requiring the warehouses to give the agency access to security-based swaps data among other things.

The SEC and CFTC are also starting to determine what kind of information and how quickly the trades must be reported to the so-called swaps data repositories.

Under the SEC's swaps plan, parties to a security-based swap transaction would be required to report real-time information about each transaction to the warehouse.

The off-exchange derivatives are used by companies, municipalities and others to hedge against fluctuations in commodity prices and interest rates.

The Swap Financial Group, which advises nonfinancial corporations on derivatives strategy, said there should be a delay in the real-time reporting of block trades or large deals for end users.

"There is competing public good between an entity like the city of Los Angeles and an entity like a hedge fund and a speculative trader seeking to get price discovery," said Peter Shapiro, managing director with the Swap Financial Group.

The SEC plans to solicit comment on the general criteria that would be used to determine the size of a block trade.

The SEC has already proposed rules to mitigate conflicts of interests at venues that will handle the swaps and a plan to prohibit fraud and manipulation in the derivatives market.

The agency must write more than 100 rules for financial players before mid-July 2011.

FUND SUPERVISION

The SEC will also vote on a proposal that would require the registration of advisers to hedge funds and private equity funds with more than $150 million in assets under management.

The increased oversight is intended to help the SEC root out fraud in the $1.6 trillion hedge fund industry, although players do not believe the new rules will burdensome.

"They are not going to be hard to comply with," said Ron Geffner, who works with hedge funds as a partner at Sadis & Goldberg LLP. "If people have adopted policies and procedures and try to live with them before they register, it will be less of a going concern."

The SEC tried to regulate the private pools of capital a few years ago, but a lawsuit overturned the rule.

Now, the agency has the power to impose such rules with the enactment of the Dodd-Frank financial reform bill in July.

Advisers to smaller private pools of capital would be required to supply the agency with some information such as the disciplinary history of the adviser and its employees, according to the SEC's plan.

As required by the Dodd-Frank bill, the SEC must craft a rule that will shift the oversight of thousands of smaller investment advisers to the states.

Investment advisers with more than $100 million in assets will be supervised by the SEC instead of advisers with $25 million in assets.

The SEC will decide whether to advance that proposal on Friday.

(Editing by Andre Grenon and Steve Orlofsky)

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WASHINGTON (Reuters) – Unlicensed high-frequency traders will no longer be able to gain unfettered or "naked" access to public markets under a rule being considered by the U.S. Securities and Exchange Commission.

The SEC will meet later on Wednesday to decide whether to require brokerages to have rules in place to protect against potential mishaps from unlicensed traders when brokerages rent out their access to the markets.

The SEC is also expected to propose a controversial plan that would allow it to reward whistle-blowers if the information leads to a successful enforcement case.

If the SEC decides to crack down on brokerages that rent out their market access to traders, it will be the commission's first rule designed to level the playing field between retail investors and high frequency traders.

Even before the May 6 market crash, the SEC had begun contemplating changes to the equity markets. The regulator has proposed rules to make anonymous trading venues known as dark pools more transparent and to ban flash orders that exchanges show to some traders before disclosing them to rest of the market.

Under the SEC proposal, brokerages would have to implement controls to prevent the entry of orders that appear erroneous or exceed credit and capital thresholds.

WHISTLE-BLOWER CONTROVERSY

As required by the Dodd-Frank financial regulatory overhaul reform bill, the SEC must set up a program to reward whistle-blowers if their tips help a commission enforcement case.

That would replace the SEC's "insider trading bounty" program, which compensates tipsters who give the agency information to file charges against those that use or pass on material nonpublic information to illegally trade securities.

Under the legislation, the SEC could compensate the informant between 10 percent to 30 percent of the total financial penalty -- potentially a sizable amount.

But critics say the provision undermines companies' internal controls by giving employees incentives to seek big payouts from the SEC without first going through the firm's own compliance departments.

The law could "remove many opportunities for companies to address potential issues internally before they get reported out to the SEC, and in many cases the company may not even know about the issue before getting a subpoena from the SEC," said Russell Ryan, a former assistant enforcement director at the SEC and now partner at law firm King & Spalding.

Ryan also said the SEC would most likely have to divert resources from important investigations to sift through all the tips.

Under the legislation, the SEC must also propose rules to prohibit fraud, manipulation and deception in the $615 trillion over-the-counter derivatives market. The SEC and fellow market regulator the Commodity Futures Trading Commission are crafting rules to regulate the lucrative off-exchange derivatives industry. The CFTC has already laid out its plans to fight manipulation in the futures markets.

(Editing by Phil Berlowitz)

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Private company Doughty Hanson is supposed to have appointed bankers UBS to look at disposal for the Enterprise options makes the clips and fasteners for cables.

Sources said trade buyers could include the Illinois Tool Works and Hubbell United States-based.

Other private equity firms may also be interested in a takeover, with banks Bridgepoint and Montagu tipping as potential bidders.

Although a trade sale is the preferred route, HellermannTyton flotation is a possibility, according to people familiar with the matter.

Doughty Hanson purchased HellermannTyton business telecommunications Spirent 288 million from ￡ in 2005.

The last potential sale of the business news comes in the midst of a wave of interest in the UK industry to foreign buyers.

Earlier this year, former "Canon rolls conglomerate Tomkins was sold to almost ￡ 3 to a consortium of Canadian investment Onex groups and Canada, pension plan and U.S. giant Emerson Electric also almost paid ￡ billion for chloride, the UPS manufacturer.

Doughty Hanson has refused to comment.

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YouView, which is also supported by ITV, 4 and 5 providers and broadband channels including BT and TalkTalk, combine Freeview channels with internet services and on-demand.

Companies with Virgin Media and BSkyB raised a certain number of complaints about the service, such as concerns that it would be "restrict competition", but Chief Executive ed Richards what OFCOM said this morning that an investigation would serve the interests of consumers.It is understood that Virgin Media is considering an appeal, although he has not a formal appeal process and it would be to review judiciaire.Virgin prepares its own service to the American Group TiVo, technology and BSkyB is set to launch its version, Sky in any more, in the coming months.

The decision taken by the communications regulator clears the last hurdle for a project that is underway at least five years.OFCOM said that it is too early to tell if YouView would distort the market, but does not preclude an investigation for once the service was operated for some time.The service previously known as project Canvas, works by means of decoders and launched the year prochaine.Il will have access to Web sites and a variety of video on demande.Les boxes are expected to sell for ￡ 200 and should be in stores in the first half of 2011.

A Virgin Media spokesperson said: "we are perplexed and disappointed by the decision of OFCOM, but not comment further up what we examined their Declaration and the underlying reasoning more in detail.

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