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Personal Investment Authority And Investor Protection

EDM number 795 in 1993-94, proposed by Anthony Grant on 09/03/1994.

That this House is concerned that recent troubles affecting the establishment of the Personal Investment Authority are undermining public confidence in the ability of the proposed Financial Services Regulator to deliver effective investor protection; further notes that the PIA's setting up costs are likely to reach ú6 million, yet with no tangible benefit to the consumer; further notes that the 'step change' required by the Chairman of the Securities and Investment Board looks increasingly likely to be in reality a 'step down' in regulatory standards, in particular that the PIA does not propose to adopt consistent standards across the retail financial services industry, for example in respect of training and qualifications and the registration of individuals; and questions whether the PIA has the right leadership to bring about adequate, accountable and cost effective regulation.

This motion has been signed by a total of 28 MPs.

Anthony Grant09/03/1994Cambridge South WestProposed
Geoffrey Johnson Smith09/03/1994WealdenSeconded
Nirj Deva09/03/1994Brentford & IsleworthSeconded
Michael Colvin09/03/1994Romsey and WatersideSeconded
Harry Greenway09/03/1994Ealing NorthSeconded
Patrick Cormack09/03/1994South StaffordshireSeconded
Richard Alexander09/03/1994NewarkSigned
Toby Jessel10/03/1994TwickenhamSigned
Winston Churchill10/03/1994DavyhulmeSigned
Kenneth Eastham10/03/1994Manchester, BlackleySigned
Vivian Bendall10/03/1994Ilford NorthSigned
Richard Body10/03/1994Holland with BostonSigned
Nicholas Bonsor10/03/1994UpminsterSigned
Nicholas Winterton11/03/1994MacclesfieldSigned
David Knox14/03/1994Staffordshire MoorlandsSigned
Ralph Howell15/03/1994North NorfolkSigned
Edward Leigh15/03/1994Gainsborough and HorncastleSigned
Ann Coffey15/03/1994StockportSigned
Nicholas Fairbairn15/03/1994Perth and KinrossSigned
Paul Marland21/03/1994Gloucestershire WestSigned
David Nicholson21/03/1994TauntonSigned
Alan Keen22/03/1994Feltham & HestonSigned
William Ross23/03/1994East LondonderrySigned
George Mudie23/03/1994Leeds EastSigned
Alex Carlile28/03/1994MontgomerySigned
Dudley Smith12/04/1994Warwick & LeamingtonSigned
William Powell13/04/1994CorbySigned
Eric Martlew18/04/1994CarlisleSigned

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