§ Mr. Wrigglesworthasked the Secretary of State for Trade (1) if his Department consults the Bank of England before listing a bank under Sections 123 and 127 of the Companies Acts;
(2) what investigations his Department makes before listing a bank under Sections 123 or 127 of the Companies Acts.
§ Mr. Clinton DavisApplicants for both Section 123 and 127 certificates are required by the Department to supply a range of detailed information—for example, on their banking activities and financial position. In the light of this information, verified where possible, a decision on the application is made after consultation with the Bank of England and others.
§ Mr. Wrigglesworthasked the Secretary of State for Trade if he has listed the Bank of Credit and Commerce International under Sections 123 or 127 of the Companies Acts.
§ Mr. Clinton DavisNo.
§ Mr. Wrigglesworthasked the Secretary of State for Trade if he has listed Bear Securities under Sections 123 or 127 of the Companies Acts.
§ Mr. Clinton DavisA Section 123 certificate was issued to Bear Securities Ltd. on 29th March 1968. It was revoked 353W on 4th January 1978 under the provisions of Section 123(3).
§ Mr. Wrigglesworthasked the Secretary of State for Trade if he has listed the International Commerce Bank under Sections 123 or 127 of the Companies Acts.
§ Mr. Clinton DavisNo.