HC Deb 16 May 1990 vol 172 c459W
121. Sir William Clark

To ask the Secretary of State for Trade and Industry what plans he has to amend the Financial Services Act 1986 to empower the Securities and Investments Board to require recognised professional bodies to contribute to the central investors compensation scheme.

Mr. Redwood

None. Paragraph 3 of schedule 3 to the Financial Services Act requires the recognised professional bodies to have adequate arrangements for compensating investors.