UK: WARNING OVER NEW E-COMMERCE REGULATIONS

Article Abstract:

New e-commerce regulations planned by the European Union (EU) could put UK consumers at risk of exploitation by Internet traders based in other EU countries, due to the EU rules being less strict than current UK standards. The warning comes from Rob Reid, the spokesperson for the Society of Financial Advisers. The new rules would give legal status according to where the business was based, rather than the customer's place of residence. Reid warns that the rules could reduce consumer confidence in e-commerce further, at a time when the security of trading over the Internet is already a major issue.

Government regulation (cont), European Union

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UK: Online exchange plans AIM float

Article Abstract:

Tep Exchange Group, an online traded endowment specialist, plans to join the Alternative Investment Market (AIM) in September 2001. The company will place 18.8mn shares at GBu 0.08 per share, giving it a valuation of GBu 9.25mn. Some GBu 9bn-worth of endowment policies are surrendered to life offices each year, according to the Association of British Insurers.

Financial management, Alternative Investment Market

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UK: IFONLINE ACQUIRES TRIGOLD SOLUTIONS

Article Abstract:

online mortgage trading platform, Ifonline, has acquired Trigold Solutions, supplier of the Prospector mortgage sourcing system, for an undisclosed amount. The deal will bring together 20,000 registered users and will provide full online transaction capability. The takeover should be completed by June 2001.

Asset sales & divestitures

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