HC Deb 07 July 1992 vol 211 cc163-4W
Mr. Betts

To ask the Chancellor of the Exchequer if he will list the provisions which govern the power of the Investment Management Regulatory Organisation to investigate the conduct or control of pension fund managers.

Mr. Nelson

Schedule 2 to the Financial Services Act 1986 sets out the requirements which a self-regulatory organisation must meet in order to be recognised under the Act. These include adequate arrangements for the effective monitoring and enforcement of compliance with its rules and with any directly applicable conduct of business requirements.