HC Deb 23 April 1941 vol 371 c166
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.