§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer if all individual traders in City financial266W institutions are required to have individual trading position limits set by their institutions, under Bank of England regulations, or under other regulations.
§ Mr. Nelson[holding answer 6 March 1995]: Both the Bank and the Securities and Futures Authority require the management of relevant institutions to have limits on overall trading positions and, where appropriate, to monitor and record exposures against them.