§ Mr. HammondTo ask the Chancellor of the Exchequer what discussions he has had with the United States' authorities regarding litigation in the United States of America relating to Lloyd's of London. [38180]
§ Mrs. LiddellNone. However, my officials have regular contacts with state insurance commissioners in the United States to discuss a range of issues relating to Lloyd's. An official from the British Embassy in Washington has also met in the last year with the Securities and Exchange Commission to discuss matters relating to Lloyd's.
§ Mr. HammondTo ask the Chancellor of the Exchequer in what circumstances papers held by his Department in relation to Lloyd's could be released to a grand jury in the United States of America investigating the affairs of Lloyd's of London. [38181]
§ Mrs. LiddellThe disclosure of confidential information provided for regulatory purposes is restricted by European and domestic legislation. Whether or not disclosure would be permitted would depend on the specific circumstances of the case. However, disclosure to a Grand Jury in the United States would not generally be permitted without the consent of the person from whom the information was obtained, and where different, any person to whom it relates.
§ Mr. HammondTo ask the Chancellor of the Exchequer what representations he has received from the Securities Exchange Commission in the United States of America regarding Lloyd's of London since 1 May 1997. [38179]
§ Mrs. LiddellNone.