HC Deb 18 July 1994 vol 247 cc3-4W
Mr. Colvin

To ask the Chancellor of the Exchequer how many businesses have applied to register with the Personal Investment Authority; and whether individual registration will be permitted.

Mr. Nelson

As at 18 July the Personal Investment Authority has received 3,666 applications for membership. The PIA has announced that it will maintain a register of member firms, appointed representatives of member firms and individuals appointed by member firms as financial advisers or company representatives. The PIA is considering whether it should enter into a direct contractual relationship with relevant individuals working for member firms.