§ Mr. Robin Cookasked the Secretary of State for Trade and Industry if he will set up an inquiry into methods of supervision of Investors Discount Brokerage.
§ Mr. HowardSubject to the requirements of the Licensed Dealers (Conduct of Business) Rules, the methods of supervision within a firm are a matter for its management. Inquiries under statutory powers may be instituted where there is good reason to do so, but I do not normally announce the institution of inquiries under section 447 of the Companies Act or section 105 of the Financial Services Act.