§ Mr. Colman
To ask the Chancellor of the Exchequer (1) what the principal regulatory risks are that the UK Listing Authority is responsible for managing; 
(2) what progress the UK Listing Authority has made in reviewing the monitoring of continuing compliance with the Listing Rules and in recommending improvements; and if he will place in the Library a copy of the review's results and recommendations; 
(3) what progress the UK Listing Authority has made in reviewing the requirements for approval and vetting of listing and other documentation, and in making recommendations; and if he will place in the Library a copy of the review's results and recommendations; 387W
(4) what the outcome was of the UK Listing Authority's risk-based review of the sponsor system and recommendations for improvements; and if he will make a statement on his policy towards including such an objective in the authority's objectives for 2002–03. 
§ Ruth Kelly
The United Kingdom Listing Authority (UKLA) is part of the Financial Services Authority, which is independent of the Government. The duties of the FSA in its capacity as the UKLA are set out in section 73 of the Financial Services and Markets Act 2000. Following on from these duties, the UKLA formulates and enforces Listing Rules that:provide an appropriate level of protection for investors in listed securities;facilitate access to listed markets for a broad range of enterprises;seek to maintain the integrity and competitiveness of UK markets for listed securities.
The UKLA also has operational objectives, that are more task-specific, which are discussed each year with the Treasury. These objectives can be found on the UKLA section of the FSA website.
Issues relating to the UKLA's review of the Listings Rules are a matter for the UKLA.