Tory call for halt to EU directives

Tories claim market will find best regulatory practice, while harmonisation can prevent this

The Conservatives have called for groups to be able to market products across the EU without harmonisation of regulatory rules. The party has called for a moratorium on all future EU directives, including the 20 measures expected by 2006, unless demanded by the industry. In a report on the future of financial services, the Tories want the regulations of each state to be recognised throughout the EU, with compliance in the state where the service originated sufficient to allow trade throughout the EU. Businesses would be able to choose to comply with the regulations of their country of o...