§ Mr. Teddy TaylorTo ask the Chancellor of the Duchy of Lancaster what is the policy of Her Majesty's Government on the draft directive relating to outside investment in accountancy firms; when the directive will be considered by the Council of Ministers; and if his Department is treating this proposal as one which falls to be considered by majority vote under the Single European Act.
§ Mr. MaudeThe eighth company law directive, which has been adopted, sets conditions for shareholdings in incorporated firms of auditors: I shall make an announcement later this week of the Government's proposals for implementing this directive.