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N2 put back again

The date the FSA will receive its full authority was pushed back once again last week as Treasury economic secretary Melanie Johnson announced N2 will not occur until at least the end of November.

Johnson also confirmed that mortgage regulation will go live nine months after N2 in August 2002.

The legislative process of the Act giving the FSA its powers came one step closer to its conclusion as the scope of the regulator&#39s activities was defined in a parliamentary committee debate.

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