HC Deb 24 May 2004 vol 421 c1459W
Mr. Salter

To ask the Chancellor of the Exchequer what plans the Government have to ensure that companies promoting holiday bond schemes make potential investors aware of the financial risks involved. [174533]

Ruth Kelly

Where firms carry on regulated activities relating to specified investments, including holiday bond schemes, firms must be authorised by the Financial Services Authority (FSA). The FSA also regulates promotions of holiday bonds involving controlled investments and activities, which includes checking that promotions are clear, fair and not misleading.