§ Mr. Cousins
To ask the Secretary of State for Trade and Industry what authorisations were granted by his Department for the activities of Stock Group (Channel Islands) Ltd.
§ Mr. Redwood
[holding answer 25 June 1990]: Stock Group (Channel Islands) Ltd. has never received authorisations from the Department. It has carried on stockbroking business in the United Kingdom by virtue of its membership of the international stock exchange until the entry into force of the Financial Services Act on 29 April 1988 and thereafter through authorisation from the Securities Association.