§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry what draft statutory instrument he has circulated on disclosure of non-audit fees paid by companies to their auditors; to whom it has been circulated; and with what closing date.
§ Mr. RedwoodOfficials have circulated a draft of possible regulations to be made under section 390B of the Companies Act 1985, as inserted by section 121 of the Companies Act 1989. The draft was sent to the major professional accountancy bodies with an interest; to the larger accountancy firms; to the Law Society and the Law Society of Scotland; to the CBI; and to a number of other persons who asked to see it. Comments were invited by 16 May, or shortly thereafter.