Securities and Investments Board (Draft Rules)

HC Deb 30 March 1987 vol 113 c361W

Mr. Maxwell-Hyslop

asked the Secretary of State for Trade and Industry whether he intends to refer the draft rules of the Securities and Investments Board to the European Commission for clearance against anti-competition condemnation, pursuant to articles 85 and 86 of the treaty of Rome.

Mr. Howard

There is no requirement under the competition rules of the treaty to refer these proposed rules to the Commission for clearance. Nonetheless, copies of the rules have been sent to the Commission for information.