Financial Services Act 1986

HC Deb 05 May 1995 vol 259 cc324-5W

Mr. Carrington

To ask the Chancellor of the Exchequer what plans he has to alter the scope of the Financial Services Act 1986. [23138]

Mr. Nelson

It has been suggested that non-financial spread betting should no longer he regulated under the Financial Services Act. However, in the light of a number of representations from right hon. and hon. Members and others, I have concluded that such a change would not be justified, in the absence of alternative regulatory arrangements offering equivalent protection. I do not therefore propose to make any change at the present time.