HC Deb 15 July 1998 vol 316 cc209-10W
Mr. Gordon Prentice

To ask the President of the Board of Trade on how many occasions Mr. Roger Kaye QC and Mr. Hugh Aldous FCA have been contracted to act as inspectors investigating alleged insider dealing. [49432]

Mrs. Beckett

[holding answer 7 July 1998]: They have only been appointed insider dealing inspectors into the two investigations into the alleged insider dealing in the shares of Anglia Television Group plc.

Mr. Gordon Prentice

To ask the President of the Board of Trade how many reports of investigations into insider dealing carried out under the Financial Services Act 1986 have been published. [48603]

Mrs. Beckett

None.

Mr. Gordon Prentice

To ask the President of the Board of Trade how many persons have been the subject of more than(a) one and (b) two investigations by her Department into alleged insider dealing. [49568]

Mrs. Beckett

Inspectors are appointed under Section 177 of the Financial Services Act 1986 to investigate dealings in the shares of a particular company not the dealings of specific persons.

Mr. Gordon Prentice

To ask the President of the Board of Trade if she will make it her policy to publish her Department's inspectors' reports; and if she will make a statement. [48252]

Mrs. Beckett

In relation to public companies it is already the Department's policy to publish reports prepared by Companies Act inspectors if it is in the public interest to do so. However, the reports of insider dealing inspectors are not published. There are strict legal restraints on disclosure of information obtained in such inspections.

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