§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer how many traders are monitored by each of the authorised bodies under the provisions of the Financial Services Act 1986.
§ Mr. NelsonThe numbers of entries recorded on the Securities and Investments Board central register on 18 March 1994 were:
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Numbers Members of Self-Regulation Organisations FIMBRA 5,752 IMRO 1,144 LAUTRO 613 SFA 1,306 (less double counting)1 (194) Total regulated by SROs 8,621 Directly authorised by SIB 67
Numbers Certified by recognised professional bodies Institute of Chartered Accountants in England and Wales 5,172 Institute of Chartered Accountants of Scotland 476 Institute of Chartered Accountants in Ireland 197 Chartered Association of Certified Accountants 994 The Law Society 7,303 The Law Society of Scotland 908 The Law Society of Northern Ireland 452 Insurance Brokers Registration Council 1,404 Institute of Actuaries 35 Total authorised under s15 16,941 Other authorised persons Authorised in other Member States2 3 Insurance companies3 217 Friendly Societies4 216 (less double counting)5 (446) Totals of authorised persons and registered exempt firms 25,619 1 Some firms are members of more than one SRO. 2 Authorised by virtue of s31 of the FSA. 3 Insurance companies authorised by virtue of s22 of the FSA. 4 Friendly societies authorised by virtue of s23 of the FSA. 5 Europersons, insurance companies and friendly societies are members of SROs and some firms moving between categories (eg RPB and SRO) may be temporarily authorised twice.