HL Deb 24 November 2004 vol 667 cc4-5WS
The Parliamentary Under-Secretary of State, Department for Culture, Media and Sport (Lord McIntosh of Haringey)

My honourable friend the Financial Secretary to the Treasury (Mr Stephen Timms) has made the following Written Ministerial Statement.

The Treasury is today launching a consultation on the regulation of investment trust companies. This is in response to a recommendation made by the Treasury Committee in its report into split capital investment trusts in February 20031. The aim of the consultation is to stimulate discussion about whether there is a need for additional regulation and, if so, possible options for doing so.

Copies of the consultation paper are available from the Library of the House, and the document can also be accessed on the Treasury website at www.hm-treasury.gov.uk. 1 Treasury Committee Third Report of Session 2002–03: Split Capital Investment Trusts (published 13 February 2003).