UK Postpones Bribery Act for Nine Months

On July 21, 2010, NASDAQ.com reported, “The U.K. Ministry of Justice announced Wednesday it will postpone implementation of its Bribery Act until April 2011, a full year after it received royal assent. The law, which bans both public and private bribery by any company or individual with a U.K. interest and includes a corporate criminal offense, was waiting on guidance from the Serious Fraud Office and other regulators concerning an ‘adequate procedures’ definition that would give corporations the opportunity to defend themselves amid a bribery accusation. That guidance was originally expected to be handed down this month, with the law going into effect three months later.”

More: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201007211530dowjonesdjonline000687&title=uk-postpones-bribery-act-implementation-for-9-months

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