Former Tory Attorney General Sir Nicholas Lyell complained in the Commons this was 'too blunt' an instrument and 'dangerous'. He argued during debates on the Bill setting up the Financial Services Authority for a requirement for overseas-based financial services businesses seeking business in Britain to register with the Financial Services Authority. And he called for more discretion for the courts over whether an 'illegal' contract should be enforceable where breaches in the law were purely technical. Lyell claimed there was a gap in the proposed financial services legislation's provisions for firms based elsewhere in the European Economic Area to do business in Britain providing they are certified by the Treasury as subject to similar regulation at home. He said British citizens should have the protection of knowing the FSA knew what was going on and could liaise with its counterparts abroad. Financial Secretary Stephen Timms denied a gap in the law. But he admitted uncertainty - stating an Oslo firm attracting pension investments from Britain through a server in Norway would 'normally' be regarded as doing business in Britain, but admitted: 'There might be an argument ... for it to be deemed not to be conducting business in the UK.'
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
Hubble Space Telescope finds superflares from young red dwarfs could strip away planetary atmosphere
Younger stars are 100 to 1,000 times more energetic than when they're older
Two of the big four supermarkets will use the system to control sales of restricted products
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23