§ Mr. Gordon PrenticeTo ask the Chancellor of the Exchequer (1) if the law on insider dealing warrants review;
(2) what assessment he has made of the Stock Exchange review of insider dealing.
§ Mr. NelsonNew legislation on insider dealing came into force on 1 March 1994. The Government will keep its effectiveness under review but have no plans to propose any changes.
I assume that the hon. Gentleman is referring to the London Stock Exchange's recent consultation document on preventing disorderly markets, entitled "Orderly markets: Dealings ahead of the disclosure of price sensitive information". The Government are generally supportive of action by the London Stock Exchange which is designed to prevent disorderly markets.