§ Mr. EvennettTo ask the Chancellor of the Duchy of Lancaster (1) how many private limited companies registered in England and Wales have a paid-up share capital of greater than £100,000;
(2) how many private limited companies registered in England and Wales have paid-up share capital in each of the bands (a) £25,000 to £50,000, (b) £50,000 to £75,000 and (c) £75,000 to £100,000.
§ Mr. MaudeThis information is not currently available for all private limited companies on the companies' register. However, work is in hand to compile data on the lines requested for companies formed since May 1987 and this is expected to be available from Companies house in a few weeks' time.
§ Mr. EvennettTo ask the Chancellor of the Duchy of Lancaster what information he has regarding the minimum share capital required by private limited companies seeking authorisation under the Financial Services Act 1986 from the Securities and Investments Board or any self-regulatory organisation; and if he will make a statement.
§ Mr. MaudeThe financial resources requirements for persons authorised by the Securities and Investments Board or by self-regulating organisations recognised under the Financial Services Act are matters for the board and the organisation concerned. As far as I am aware, none of these regulatory bodies expresses its requirements in terms of minimum share capital.