§ Mr. SteenTo ask the President of the Board of Trade if he will list the rules and regulations he proposes to repeal or amend by means of a reference to the Deregulation Committee before the end of 1996; and if he will make a statement. [3782]
§ Mr. PageMy Department has consulted or is currently consulting on the following proposals for use of the deregulation order-making power
Consumer Credit Act 1974—exempt lending and hiring to unincorporated business from the Act and modify notification requirements for consumer credit licence holders;Companies Act 1985—reduce information required on shareholder details;Electricity Act 1981—enable projects not linked to the electricity grid to benefit from the fossil fuel levy; andCompanies Act 1985—alter the law on disclosure of directors shareholdings.The timing of any reference to the Deregulation Committee will depend on various factors, including the outcome of consultation.