§ Sir John FarrTo ask the Secretary of State for Trade and Industry if he will take steps to review the Financial Services Act 1986, section 76, to permit the marketing of forestry and forestry investment schemes.
§ Mr. Redwood[holding answer 27 November 1989]: It is already possible for regulations to be made under section 76(3) of the Act permitting promotion of commercial forestry schemes otherwise than to the general public. The power to make those regulations has been transferred to the Securities and Investments Board. I am not satisfied that investors' interests would be served by an amendment to the Act permitting these schemes to be promoted to the general public.