HC Deb 16 May 1990 vol 172 c444W
24. Mr. Win Griffiths

To ask the Secretary of State for Trade and Industry if he will make a statement on the work of the Life Assurance and Unit Trust Regulatory Organisation.

56. Mr. Bernie Grant

To ask the Secretary of State for Trade and Industry if he will make a statement on the Life Assurance and Unit Trust Regulatory Organisation.

Mr. Redwood

The Life Assurance and Unit Trust Regulatory Organisation is one of five self-regulating organisations recognised by the Securities and Investments Board under the Financial Services Act 1986. It is responsible for regulating the investment business of insurance companies and friendly societies engaged in retail marketing of life insurance products, and operators of regulated collective investment schemes engaged in retail marketing of units in such schemes.

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