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Desire petroleum has seen its 40pc slump actions in one day after it emerged that the discovery of oil, it announced a week earlier was actually in the water.?Photo: CORBIS

But given the events of recent weeks, the spotlight must be shone on the market for alternative investment (AIM), the London Stock Exchange in the junior market.

Firstly, desire petroleum has seen its 40pc slump actions in one day after it emerged that the discovery of oil, it announced a week earlier was actually in the water. Then shareholders annual international accused company Russian property listed on the aim of corruption, nepotism and financial malpractices. Thirdly, on Friday afternoon, shares of Madagascar Oil, another Member of the aim were suspended in the middle of the fears that African Government was about to seize its licence.

Having covered the on-and-off junior market, next year will be 10 years - the first three years of my career in journalism business almost entirely focused on small businesses - I know more than anyone else, not all companies to list on AIM are bad, or that each Director is somewhat suspect.

However, it remains the case that its regulatory approach "light touch" is open to interpretation and is operated under certain circumstances. Settlement - system by appointed counsel called nomadic - is not strong enough, and the fact that a number of companies of Nomad is only dependent on AIM companies, rather than to be part of a large brokerage and Investment Bank, leads to questions evident which side nomads are on.

For investors trying to separate wheat from the tares, it is not easy, especially when investing in property overseas companies that cannot be easily assessed. With an increasing number of foreign companies likely to be seeking a list at the beginning of 2011 to goal, the currency must be buyer be suspicious-you, until the light touch regulatory regime can be tightened.

On his first day of reports at the end of September 2005, 888 Holdings shares fell as much 7pc as the bubble began last burst of online games. At the beginning of the day, it was useful to 590 m ￡ by 4 pm, 17 million of ￡ struck this value. For banks which he floated, led by HSBC, this is the best. In the five years that followed, 888 has had its fair share of these days. But revelation of this article that Ladbrokes is poised to takeover the company provides unexpected silver lining loyal shareholders who have kept their playing cards and finally deserve to be rewarded, although significantly below this original float price.

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The FSA holds a power on the international scene and its closing shall not limit the United Kingdom influence, PwC says.

PricewaterhouseCoopers (PwC) has said the FSA holds an important power in Europe and abroad and has urged the Government to monitor any new financing structure which replaces it.

PRA will work in the Bank of England, while the CPMA will take on the responsibility of the FSA to regulate conduct and consumer financial protection.

PwC is concerned about the possibility of "unexpected and unbalanced regulatory consequences", but some of the proposed changes could provide.

Pat Newberry, Chairman of the UK financial services regulatory practice at PricewaterhouseCoopers, said: "by the FSA, the United Kingdom has a voice respected on the European scene and world - careful attention must be paid in order to ensure the new structure of United Kingdom not dilute influence."

He added: "recognize us and support the need for attention on the two prudential and conduct regulation, but the operational reality of prudential fractionation and the conduct of business regulation should approfondi.éviter duplication, regulatory gaps in coverage and the possibility of regulatory arbitrage are all key elements that must be addressed."

Mr. Newberry said that the creation of two distinct regulatory agencies may be expensive. ""Implementation expenses necessarily is a secondary concern, we would also like to see a more detailed review of costs versus benefits of aspects," he said.

PwC said that the Government should seriously consider potential between the PRA conflicts and to avoid duplication and reduce costs until they are potentially practice year-round prochaine.Par example CPMA, a number of functions of the FSA would benefit from the joint operation or work closely decentralized, including ongoing supervision, execution and the perception expenses risk assessment consultancy said.

Obligation for regulators to focus attention on the adverse effects on innovation or the UK competitiveness must also be preserved, says PWC.

A solid training and active participation of workers to create proper to each culture was also "critical", said the PwC.

Treasury Board could no comment in advance of the consultation closing Monday.

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