§ Mr. McCrindleasked the Chancellor of the Duchy of Lancaster what assessment he has made as to the adequacy of investor protection for the purchasers of financial services in the period prior to the introduction of the compensation fund.
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§ Mr. MaudeThe Financial Services Act was introduced and passed because the previous arrangements did not offer an adequate level of protection to investors. It is not therefore possible to be satisfied with the protection afforded to investors until the whole of the regulatory structure established by the Act, including the proposed compensation arrangements, has been brought into operation.