Independent report

Review of the Special Administration Regime (SAR) for Investment Banks

Peter Bloxham has been appointed to lead an independent review of the Investment Bank Special Administration Regulations (SAR) 2011.

Documents

SAR review Call for Evidence

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SAR review Terms of Reference

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Detail

Peter Bloxham was appointed to lead an independent review of the Investment Bank Special Administration Regulations (SAR) 2011. He reported to the Treasury on 7 February 2013 and his report was laid before Parliament on 23 April 2013. 

His first report recommended further work to explore the issues he identified. This is currently underway, with him taking account of the recent developments in the area including co-ordinating closely with the FSA’s current review of its Client Assets Rulebook. We look forward to his second report being publishing in due course.