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FSA and Swedish regulator to supervise OM Gruppen jointly

The UK's Financial Services Authority (FSA) and the Swedish regulator, Finansinspektionen, have outlined joint supervisory arrangements for the OM Gruppen.

The arrangements have been set up after Jiway, the pan-European stock exchange set up by OM Gruppen and Morgan Stanley Dean Witter, asked the FSA for recognised exchange status and authorisation of Bond Connect, a bond trading joint venture between OM and State Street Bank.

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