HC Deb 12 May 1978 vol 949 c632W
Mr. Lee

asked the Secretary of State for Trade if he is satisfied with the effectiveness of the Stock Exchange code currently in operation for the prevention of insider trading and other similar abuses.

Mr. Stanley Clinton Davis

The initiative of the Stock Exchange in producing this Code has the support of the Government. The Code does not however obviate the need for legislation, as soon as the Parliamentary timetable permits, to make insider dealing a criminal offence.