§ Mr. CousinsTo ask the President of the Board of Trade if he will list the number of potential insider dealing offences(a) considered by the stock exchange surveillance group, (b) referred by that group to his
Prosecutions for contraventions of the company securities (insider dealing) Act 1985 1989–89 1989–90 1990–91 1991–92 1992–93 1993–94 1994–95 Prosecutions pending at beginning of year Following S177 enquiry 2 5 1 12 9 1— 1— Total 6 10 2 13 9 — — Prosecutions started Following S177 enquiry 3 4 11 2 6 1— 1— Total 6 7 13 2 6 — — Convictions Following S177 enquiry — 3 — 3 24 2 — Total — 4 2 3 35+ 2 — Acquittals Following S177 enquiry — 2 — 2 2 5 — Total 1 9 — 5 2 6 — Prosecutions pending at end of year Following S177 enquiry 5 1 12 9 1 1— 1— Total 10 2 13 9 1 — — 1 This information was not included in the 1993–94 Companies Annual Report or subsequently. 2 Includes three convictions acquitted on appeal in 1994–95. 3 Includes one conviction acquitted on appeal in 1993–94.
Investigations under section 177 of the financial services act 1986 1988–89 1989–90 1990–91 1991–92 1992–93 1993–94 1994–95 Cases referred by the London stock exchange for consideration 33 21 8 11 5 17 13 Cases in hand at the beginning of the year 15 14 16 9 4 2 6 Appointment of inspectors 12 12 4 3 1 5 6 Final reports submitted by inspectors 13 10 11 8 3 1 7 Cases in hand at the end of the year 14 16 9 4 2 6 5