§ Mr. DuncanTo ask the Chancellor of the Exchequer (1) if he will list all life offices fined by(a) the Life Assurance and Unit Trust Regulatory Authority, (b) the Personal Investment Authority, (c) the Financial Services Authority and (d) other statutory financial regulatory bodies since the Financial Services Act 1986 came into force, stating (i) the nature of the offence, (ii) the amount of the fine, (iii) the date it was imposed and (iv) the value of any costs awarded against the firm; [70928]
(2) if he will list all fund management firms fined by (a) the Investment Management Regulatory Organisation, (b) the Financial Services Authority and (c) other statutory financial regulatory bodies since the Financial Services Act 1986 came into force, stating (i) the nature of the offence, (ii) the amount of the fine, (iii) the date it was imposed and (iv) the value of any costs awarded against the firm. [70927]
§ Ms HewittDetails of the fines imposed on fund managers and life offices have been placed in the Library. The Financial Services Authority has no power to fine directly regulated firms.