HC Deb 08 February 1994 vol 237 cc119-20W
Mr. Denham

To ask the Chancellor of the Exchequer what action he is taking to monitor the effects of the new regulations governing the financial services industry.

Mr. Nelson

The Treasury's responsibilities for making rules and regulations under the Financial Services Act have been transferred to the Securities and Investments Board. It is primarily for the Securities and Investments Board to monitor the effect of its rules. The Diretor General of Fair Trading is responsible for reporting to the Treasury any significant anti-competitive effects.

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