HC Deb 05 February 1992 vol 203 cc189-90W
Mr. Cousins

To ask the Secretary of State for Trade and Industry how many inquiries he has launched into potential insider dealing under section 177 of the Financial Services Act 1986 in each six-monthly period since April 1988.

Mr. Redwood

The number of investigations under section 177 of the Financial Services Act 1986 since April 1988 are as follows:

Number
April 1988 to September 1988 6
October 1988 to March 1989 7
April 1989 to September 1989 9
October 1989 to March 1990 3
April 1990 to September 1990 3
October 1990 to March 1991 1
April 1991 to September 1991 1
October 1991 to date 1

Mr. Cousins

To ask the Secretary of State for Trade and Industry how many prosecutions for insider dealing the stock exchange has instituted since it was given the powers to do so under the Companies Act 1989.

Mr. Redwood

There has been one prosecution by the stock exchange for insider dealing offences. Both defendants in the case were convicted.