§ Ms. Armstrong
To ask the Chancellor of the Duchy of Lancaster if he will list(a) all those agencies with powers delegated to them to carry out inspections and (b) the number of inspections carried out under those delegated powers for the years 1 April 1986 to 31 March 1987 and 1 April 1988 to 31 March 1989.
§ Mr. Maude
The only agency with powers delegated to it to carry out statutory investigations under legislation for which my Department is responsible is the Securities and Investments Board, which has powers to carry out investigations under sections 94 and 105 of the Financial Services Act. Both powers are exercisable concurrently with my Department. Delegation of the section 105 power came into effect on 19 May 1987 and delegation of section 94 power came into effect on 6 May 1988. The board's annual report for 1988–89, laid before Parliament on 6 June, records that 25 section 105 investigations were commenced in the period 1 April 1988 to 31 March 1989.