HL Deb 08 July 1993 vol 547 cc73-4WA
Lord Spens

asked Her Majesty's Government:

Whether Section 47(2) of the Financial Services Act 1986 applies to the market activities of the Bank of England and its employees in Government securities, sterling and foreign currency transactions.

The Earl of Caithness

Yes, but only to the extent that the activities relate to investments which fall within Schedule 1 to the Financial Services Act.

Lord Spens

asked Her Majesty's Government:

Whether Section 47(1) of the Financial Services Act 1986 applies to the publications, statements and accounts of the Bank of England, its directors and officers.

The Earl of Caithness

Yes, to the extent that they relate to investments as defined in Schedule 1 to the Financial Services Act.