§ 30. Mr. MichaelTo ask the Chancellor of the Duchy of Lancaster what progress has been made towards obtaining reimbursement for those affected by the British based and Gibraltar based elements of the Barlow Clowes organisation; what initiatives have been taken by his Department in the last six months; what initiatives he will now take to seek a speedier resolution of outstanding problems; and if he will make a statement.
§ Mr. Newton[pursuant to his reply, 15 March 1989, c. 259]: The 19 FIMBRA members referred to as subject to disciplinary action include both the Investment and Pensions Advisory Service and the Investment and Pensions Advisory Service Ltd. These two firms had close connections but were separate entities. However, in referring to the number of firms which had been suspended they were inadvertently treated as one. The correct comparison therefore is that of the 19 members subject to disciplinary action, four, not three, have been suspended.