Written question asked by Paul Flynn (Labour) on Monday, 9 July 2001, in the House of Commons. It was due for an answer on Monday, 16 July 2001. It was answered by Ruth Kelly (Labour) on Monday, 16 July 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what plans he has to investigate the role of the Personal Investments Authority in the acquisition of the financial adviser Advizas by Towry Law. - (Holding answer 11 July 2001).

Answer: Paul Flynn: To ask the Chancellor of the Exchequer what plans he has to investigate the role of the Personal Investments Authority in the acquisition of the financial adviser Advizas by Towry Law. [3166] Ruth Kelly: [holding answer 11 July 2001]: Under the Financial Services Act 1986, the Personal Investment Authority regulates retail investment firms and the lead regulator, the Financial Services Authority, is responsible for ensuring that the Personal Investment Authority carries out its responsibilities under the Act. Therefore it is a matter for the Financial Services Authority.

Secondary information

Type: Written question
Reference: 3166; 372 c23W
Session: 2001-02
Subjects: Investment Financial services Financial Services Authority Regulation Personal Investment Authority
Link: View this Written question on www.publications.parliament.uk