§ Mr. Alfred Morrisasked the Minister for Trade (1) if he will introduce legislation to curtail the activities of undesirable individuals who, without suitable professional qualifications, are currently acting in many cases as liquidators; and if he will make a statement;
(2) if he will seek to enact recommendations made in the report by Sir Kenneth Cork's insolvency law review committee for restrictions as to who can act as liquidator; and if he will make a statement.
§ Dr. VaughanI am actively considering the Cork committee's important recommendations concerning the qualifications required for appointment as a liquidator and 309W the provision by a voluntary liquidator of an insurance bond as security against fraud, dishonesty or professional negligence, in the light of the comments received since publication of the report. Further consultation is needed before a decision can be reached on the most effective means to improve the existing law.