§ Mr. McCrindleasked the Secretary of State for Trade if he plans to legislate to 366W amend the Insurance Companies Act 1974 by reducing the supervisory controls over insurance companies.
§ Mr. EyreNo. The proposals for amending the Insurance Companies Act 1974 under consideration by my Department arise mainly from the need to implement certain EEC insurance directives, and are not expected to lead to any reduction in the effectiveness of the supervision of insurance companies.