§ Mr. McCrindleasked the Secretary of State for Prices and Consumer Protection (1) if he accepts the recommendations of the Monopolies and Mergers Commission on advertising by accountants; and if he plans to introduce legislation;
(2) if he accepts the recommendations of the Monopolies and Mergers Commission on advertising by stockbrokers; and if he plans to introduce legislation.
§ Mr. John FraserAs I announced on 6th August—[Vol. 916, c.1215 and 1209–1215]—when these reports were published, the Government take the view, in the light of the commission's reports, that accountants and stockbrokers should be given greater freedom to advertise than is at present allowed under their existing codes of conduct. The Director General of Fair Trading is in touch with the 12W Stock Exchange and the appropriate professional bodies about the proposed new rules and safeguards on advertising and allied matters. Powers exist to give effect by order to recommendations of the Monopolies and Mergers Commission but it is too early to say whether subsidiary legislation of this nature will be introduced.