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UK regulators verify plan to scrap cap on bankers’ bonuses

LONDON, Oct 24 (Reuters) – British regulators mentioned on Tuesday they might go forward with their beforehand introduced intention to scrap a cap on bankers’ bonuses.

In a joint assertion with the Monetary Conduct Authority, the Financial institution of England mentioned modifications to the principles would take impact from Oct. 31.

Reporting by David Milliken; Enhancing by Sachin Ravikumar

Our Requirements: The Thomson Reuters Belief Rules.

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