Insolvency Service

HC Deb 24 June 1991 vol 193 c385W

Mr. Gregory

To ask the Chancellor of the Exchequer if he will list his responsibilities in respect of the Insolvency Service.

Mr. Maples

Department of Trade and Industry Ministers determine and answer to Parliament on the general policy framework within which the Insolvency Service executive agency operates. The Treasury has a number of specific responsibilities as set out in the Insolvency Act 1986 for certain issues of finance, accounting and investment (part XIV sections 404–5 and 407–9) and for certain fees (part XV sections 414–5). The Treasury also has certain other order-making powers (part XV section 422); and the Insolvency Service executive agency is subject to Treasury staff inspection.