§ Mr. Robin Cookasked the Secretary of State for Trade and Industry what is the minimum acceptable share issue for a company to be licensed as a dealer in securities.
§ Mr. HowardNo minimum is specified; but an incorporated applicant is required to state its share capital and the type of securities business it intends to pursue. These are amongst the factors taken into account in considering the application.
§ Mr. Robin Cookasked the Secretary of State for Trade and Industry how many licences for securities dealing were issued by his Department in 1986; and how many are currently in force.
§ Mr. HowardOne hundred and twenty-seven new principle licences were issued in 1986, and 527 existing principal licences were renewed. There were 674 principal licences in force on 27 February 1987.