§ Mr. John Marshall
To ask the Secretary of State for Trade and Industry what representations have been made(a) to him and (b) him about Italy's SIM's law.
§ Mr. Redwood
The International Stock Exchange wrote to me on 21 January drawing my attention to the law, and it has kept in touch with my Department. The ISE, the Securities and Investments Board and my Department have all made strong representations to the Italian authorities about the effects of the law on United Kingdom firms wishing to do investment business in Italy. The law may be in breach of the treaty of Rome and the Government are considering asking the Commission to take this up with the Italian authorities.