HC Deb 25 June 1990 vol 175 cc26-7W
Mr. Cousins

To ask the Secretary of State for Trade and Industry on what dates and for what periods his Department authorised Dunsdale Securities to conduct business.

Mr. Redwood

[holding answer 21 June 1990]: Dunsdale Securities Ltd. was first granted an annual licence to deal in securities on 7 November 1977. Further licences were granted each year until the Financial Services Act came into force on 29 April 1988.

Mr. Cousins

To ask the Secretary of State for Trade and Industry what monitoring was carried out on the firm Dunsdale Securities during the period it was authorised for business by his Department.

Mr. Redwood

[holding answer 21 June 1990]: Dunsdale Securities Ltd. provided duly completed monitoring returns to the Department from September 1983 until it ceased to be licensed by the Department, as required by the Licensed Dealers (Conduct of Business) Rules 1983. Prior to 1 June 1983, there was no requirement for companies to provide returns.

Criminal charges have been brought by the Serious Fraud Office against Mr. Miller, the director of Dunsdale Securities Ltd.