Written question asked by Jim Cousins (Labour) on Monday, 18 December 2000, in the House of Commons. It was due for an answer on Friday, 2 February 2001. It was answered by Melanie Johnson (Labour) on Friday, 2 February 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, how many cases have been undertaken, and how many successful prosecutions have resulted each year using each sub-section of section 47 of the Financial Services Act 1986; and if the replacement section of the Financial Services and Markets Act 2000 is now fully operational. - Includes figures. (Holding answer 8 January 2001).

Answer: Mr. Cousins: To ask the Chancellor of the Exchequer how many cases have been undertaken, and how many successful prosecutions have resulted each year using each sub-section of section 47 of the Financial Services Act 1986; and if the replacement section of the Financial Services and Markets Act 2000 is now fully operational. [143880] Miss Melanie Johnson: [holding answer 8 January 2001]: There have been a total of seven prosecutions under section 47 of the Financial Services Act 1986 since it came into force. Six resulted in convictions. The replacement provisions of the Financial Services and Markets Act 2000 will come into operation later this year.

Secondary information

Type: Written question
Reference: 362 c349-50W; 143880
Session: 2000-01
Subjects: Consumers Criminal investigation Investment Financial services Protection Prosecutions Marketing
Legislation: Financial Services and Markets Act 2000; Financial Services Act 1986
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk