§ Mr. Nicholas WintertonTo ask the Chancellor of the Duchy of Lancaster (1) if he will make a statement outlining the information which must be given to members of FIMBRA if they are suspended by that body;
(2) what steps he has recently taken to ensure that cases of suspension dealt with by FIMBRA are treated efficiently, courteously and discreetly by that organisation;
(3) if he will make a statement outlining the requirements which are placed upon FIM BRA to provide suspended members with a full and fair hearing at which to put forward their case against suspension;
(4) if he has any plans to ensure that FIMBRA does not make public the knowledge that individual members have been suspended without providing to the affected member full details of the reasons for that suspension.
§ Mr. MaudeIt is a criterion for recognition of a self-regulating organisation under the Financial Services Act 1986 that the organisation's rules and practices relating to the discipline that it exercises over its members must be fair and reasonable and include adequate provisions for appeals. The Securities and Investments Board is responsible for recognising self-regulating organisations and has recognised FIMBRA. I am not aware of any evidence that FIMBRA's rules and practices do not meet the relevant criterion.