§ Mr. Arthur Lewisasked the Secretary of State for Trade and Industry (1) how and in what way the adoption of Part 40, Tobacco Regulation No. 2602/71/EEC of 6th December, 1971, will affect British industry engaged in these activities; and whether he will make a statement;
(2) how and in what way the adoption of Part 40, Tobacco Regulation No. 2603/71/EEC of 6th December, 1971, will affect British industry engaged in these activities; and whether he will make a statement.
§ Mr. NobleThese Regulations will not affect the British tobacco manufacturing industry, since tobacco is not grown commercially in the United Kingdom.
§ Mr. Martenasked the Secretary of State for Trade and Industry if he will outline all the subjects under discussion and negotiation with the European Economic Community concerning insurance, including harmonisation of solvency margins, corporate structures, rules on financial reserves, contracts and the protection of policyholders.
§ Mr. NobleThere have been extensive consultations with the EEC concerning insurance and these will continue. In particular we are currently in touch about the draft directive for the co-ordination of legislation concerning access to and engagement in the business of non-life insurance. This deals among other things492W with the form of insurance concerns, technical reserves and solvency margins.