§ Dr. Gilbertasked the Secretary of State for Trade and Industry if he will list the provisions of the law which empower him to control trading in stocks and shares by persons possessing inside information.
§ Mr. NobleSections 27, 28 and 29 of the Companies Act, 1967, require that a director of a company shall notify it of his interests in shares or debentures of the company or associated companies, and that a register of directors' interests shall be kept and made available to shareholders and the public. Section 25 of the same Act regulates the purchase of share options by directors of a company. Sections 30 and 31 extend the provisions of Section 25 and 27, respectively, to spouses and children of directors. These requirements provide a substantial measure of protection against the misuse of confidential information.