§ 33. Mr. Banfield
asked the President of the Board of Trade whether the Stock Exchange is registered under the provisions of the Prevention of Fraud (Investments) Act, 1939; whether his attention has been called to a regulation recently made by the committee of that body to restrict dealings in public securities with members of stock exchanges registered under the provisions of that Act; and what action he proposes to take in the matter?
§ Captain Waterhouse
The Stock Exchange, London, is a recognised stock exchange, not by order of the Board of Trade, but by a specific provision in the Prevention of Fraud (Investments) Act, 1939 I am aware that the Stock Exchange Committee recently made certain alterations in the rules dealing with agency and rebating commission. Such arrangements are not subject to Government control.