§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what proposals he has for reviewing the working, structure and adequacy of the system of self-regulation set up by the Financial Services Act 1986, the Lloyd's Act 1981 and the Companies Act 1989; and what proposals he has for an independent statutorily based public regulatory commission.
§ Mr. NelsonI keep the working of the Financial Services Act and the provisions of the Companies Act 1989 which are my responsibility under review. The Lloyd's Act 1981 and other parts of the Companies Act 1989 are the responsibility of my right hon. Friend the President of the Board of Trade.
§ Mr. CousinsTo ask the Chancellor of the Excheuqer what information he has on the number of complaints to and disciplinary actions taken by, each self-regulatory organisation for the two most recent available annual periods.
§ Mr. NelsonThis is a matter for the Securities and Investments Board.