§ Mr. Maxwell-Hyslopasked the Secretary of State for Trade and Industry whether he will publish the statement of assumptions on which the Securities and Investment Board based chapter 7 of its draft rules, and the Securities and Investment Board paper intituled "Proposals for Charging Fees"; and whether he will extend the time for investment counselling practitioners to comment to him upon the draft rules until they shall have had reasonable time to consider the assumptions on which the draft rules are based.
§ Mr. HowardThe paper entitled "Proposals for Charging Fees" outlines the assumptions on which the board's fees proposals are based. It was made publicly available in December and comments were invited. The board took the comments it received into account before submitting its application to the Secretary of State to become the designated agency. I do not consider that it is necessary to extend the time for investment counselling practitioners to comment to the Secretary of State on the draft rules.