§ Mr. CorbettTo ask the Chancellor of the Exchequer (1) what recent steps he has taken to ensure that former clients of Knight Williams & Co. Ltd. receive adequate compensation;. [4525]
(2) if he will make a statement on the use of the locked box agreement to satisfy investors' claims against Knight Williams & Co. Ltd. [4524]
§ Mrs. LiddellI welcome the fact that the Investors Compensation Scheme has now started to make offers of compensation to investors. I hope that progress will not be unnecessarily delayed. The Securities and Investments Board have made it clear to investors that their actions in relation to the "locked box" will not affect investors' rights to claim either on the ICS or in the Knight Williams & Co. liquidation.