§ 21. Mr. Gareth Wardellasked the Secretary of State for Trade and Industry when he next proposes to meet the Confederation of British Industry to discuss the regulation of financial services.
§ 39. Mr. Tom Clarkeasked the Secretary of State for Trade and Industry when he next proposes to meet the Confederation of British Industry to discuss the regulation of financial services.
§ Mr. HowardMy right hon. Friend and I are always pleased to hear the views of the Confederation of British Industry, but we have no plans for a specific meeting at present.
§ 32. Mr. Nicholas Bakerasked the Secretary of State for Trade and Industry if he will make a statement about implementation of the decisions of the Milan summit in June 1985 with regard to insurance and other financial services.
§ Mr. HowardThe Milan summit considered that the creation of a free market in financial services, including insurance, should be a high priority in the programme for the completion of the common internal market. In December 1985 a directive was agreed harmonising Community rules for undertakings for collective investment in transferable securities. We hope to resume progress on the important non-life insurance services directive as soon as the judgments in the four cases currently before the European Court are available.