§ Dr. Lynne JonesTo ask the Chancellor of the Exchequer if he will list the self-regulatory bodies overseeing the banking, insurance and pensions institutions and the number of organisations affiliated to each.
§ Mr. NelsonThe investment business activities of banks, insurance and pensions institutions are regulated under the Financial Services Act by the Securities and Investments Board, the Life Assurance and Unit Trust Regulatory Organisation, the Investment Management Regulatory Organisation and the Securities and Futures Authority. Latest available information on the total number of firms regulated by each body and the numbers falling within the specified categories are as follows:
Total Banks Life offices Pensions scheme members SIB 79 12 6 — LAUTRO 640 — 226 — IMRO 1,248 52 8 162 SFA 1,342 203 — — Note: Firms can be regulated by more than one body.