§ 40. Mr. Neil Hamilton
asked the Secretary of State for Trade and Industry if he will make a statement on the progress being made by the stock exchange towards effective self-regulation.
§ Mr. Butcher
Major changes have already been implemented or decided upon by the. Stock Exchange following its removal from the ambit of the restrictive trade practices legislation; for example, the introduction of lay members on to the council, the establishment of international dealerships, the elimination of minimum commissions on bargains in overseas securities, and firm plans for eliminating minimum commissions altogether. I attach great importance, as does the Stock Exchange, to maintaining effective self-regulation as these changes go forward.