Only a few parts of the Act are currently in force, and the remaining elements have been scheduled to become law in three stages between now and October 2008.
"I think there was an expectation that they were going to rush things through, all the good news deregulatory stuff so that they could say 'look how much we are doing for you guys'," said Martin Webster, a corporate partner at Pinsent Masons, the law firm behind OUT-LAW. "It is clear that that's not what has happened, though. A lot has been held back."
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