§ Mr. CousinsTo ask the Secretary of State for Trade and Industry in how many cases reports arising from section 177 of the Financial Services Act have been passed to professional bodies since 1979.
§ Mr. RedwoodSection 177 of the Financial Services Act 1986 (which confers power to appoint inspectors to investigate possible insider dealing offences) came into force in November of that year. All reports made by inspectors appointed under that section have been considered with a view to disclosing information in them as permitted by the Act. However, no such information has so far been disclosed to a professional body.