§ Mr. Ronald Brown
asked the Chancellor of the Exchequer if he will publish in the Official Report a list of those banks authorised to deal in foreign exchange and to exercise certain delegated powers under the Exchange Control Act 1947; and if he will confirm that those on the list are known as authorised banks.
§ Mr. Robert Sheldon
The banks authorised under the Exchange Control Act 1947 to act as authorised dealers in relation to gold and all foreign currencies are set out in orders made by the Treasury. I would refer my hon. Friend to the currently relevant statutory instruments which are: SI 1975/571; 1975/1495; 1976/16; 1976/1275; 1976/2208. The relevant banks are widely known as authorised banks—e.g., in the exchange control notices issued by the Bank of England.