HC Deb 04 February 1993 vol 218 cc295-6W
14. Mr. Hawkins

To ask the Chancellor of the Exchequer what plans he has to make further changes in the system of regulation of financial services; and if he will make a statement.

Mr. Nelson

My right hon. Friend has asked the chairman of the Securities and Investments Board to review how SIB carries out its regulatory responsibilities. programmes for young adult defendants. Information about the scheme and how to apply for grants under it was sent in March 1992 to all probation services and the major voluntary organisations concerned with offenders. Bail support projects for juveniles are run by or in partnership with social service departments of local authorities. Such projects are also eligible for Home Office funding where there is a partnership with the probation service and the voluntary sector.

So far 16 applications under the supervision grant scheme have been made. Of these, five have been approved and the remainder are under urgent consideration. The available information about the two projects already in operation is set out in the table.