HC Deb 20 January 2003 vol 398 c48W
Mr. Flight

To ask Mr Chancellor of the Exchequer what discussions he has had with the European Commission on(a) the sale of investment products or services and (b) the liability of advisors and providers in relation to their customers, following the recommendations of the Sandler Report; and if he will make a statement [89468]

Ruth Kelly

Treasury officials have regular discussions with the European Commission about financial services, including investment services, particularly in the context of the Commission's proposal for an updated directive on investment services and regulated markets, published on 19 November 2002. The Government is seeking to ensure that this proposed directive is consistent with the proposals in Mr. Ron. Sandler's review of the medium to long term retail savings market.

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