§ Mr. DarlingTo ask the Chancellor of the Exchequer what proposals he has to bring centralised lending institutions within the scope of the Financial Services Act 1986 and the Banking Act 1987.
§ Mr. NelsonThe Financial Services Act applies to firms carrying on investment business in the United Kingdom. The Banking Act applies to firms engaged in deposit taking in the United Kingdom. There are no plans to amend the scope of either Act.