61.   The firms involved are often multinational in a way that is atypical of most other financial markets.

62.   Firms are then only able to make money by stockpiling inventories and reselling when prices rise.

63.   By way of contrast, firms are in continuous neoclassical equilibrium and are not subject to quantity rationing in either the goods market or the labour market.

64.   If a large customer is late in making payment, a firm may be unable to pay its suppliers unless it has spare liquidity.

65.   Some limitation seems likely to be imposed which ensures that only larger firms will be able to enter MDPs.

66.   Apportionment of liability and its duration The liability of partners for acts and omissions for which their firm is legally responsible is prima facie unlimited.

67.   No two firms will be alike, nor will the personalities of their partners.

68.   Mergers between these firms have had the effect of reducing the number of accountants who do not have a conflict of interest, simply because there are fewer firms.

69.   In Chelsea Man v Vivat a law firm was to be consulted.

70.   It would be inappropriate if the COB Rules regulated that exempted business merely because the firm was a member of SFA for other activities.