HC Deb 18 April 1990 vol 170 c952W
9. Mr. Jack Thompson

To ask the Secretary of State for Trade and Industry if he will make a statement on City regulation.

85. Mr. Turner

To ask the Secretary of State for Trade and Industry if he will make a statement on City regulation.

Mr. Ridley

Regulation of investment business is, for the most part, the responsibility of the Securities and Investment Board, which is the designated agency under the Financial Services Act 1986. Other aspects of City activity are regulated under other arrangements, such as the Insurance Companies Act 1982 and the Banking Act 1987.

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