§ Mr. FrenchTo ask the Chancellor of the Exchequer (1) what plans he has to give the Securities and Investments Board the power to exact civil penalties as an alternative to criminal prosecutions;
(2) what plans he has to modify the powers of the Securities and Investments Board.
§ Mr. NelsonNone. A wide range of powers has been transferred to the Securities and Investments Board under the Financial Services Act. These include powers to institute civil proceedings where appropriate.