By Sally Watson, 25 January 2000 16:30
NEWS The UK government runs the risk of breaking EU ecommerce laws with its latest set of regulations controlling online banking and investment services. According to a report in the Financial Times, one senior EC insider claimed the law against non-UK banks, find managers and insurers promoting services to British investors without regulatory approval, breaks the European Parliament's ecommerce directive. The directive means European Internet companies are subject only to regulation in the country where they are based. The UK government's draft finance Bill has not yet been cleared with the European Commission.
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