§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry whether he will provide a list of the number of traders monitored by each of the authorised bodies under the provisions of the Financial Services Act 1986.
§ Mr. RedwoodI understand from the Securities and Investments Board that the position on 8 May 1991, including interim authorisations, was as shown in the following table. Some authorised persons are members of more than one self-regulating organisation.
Numbers Analysis of Authorised Persons Regulated directly by the Securities and Investments Board 76 Members of Self Regulating Organisations The Association of Futures Brokers and Dealers 10 The Financial Intermediaries, Managers and Brokers Regulatory Association 7,126 The Investment Management Regulatory Organisation 1,249 The Life Assurance and Unit Trust Regulatory Organisation 663 The Securities and Futures Authority 1,391 Certified by Recognised Professional Bodies The Institute of Chartered Accountants in England and Wales 6,047 The Institute of Chartered Accountants of Scotland 536 The Institute of Chartered Accountants in Ireland 183 The Chartered Association of Certified Accountants 1,050 The Law Society of England and Wales 6,967 The Law Society of Scotland 932 The Law Society of Northern Ireland 421 Insurance Brokers Registration Council 1,595 Institute of Actuaries 31