Self Regulation Of Financial Services
EDM number 1485 in 1992-93, proposed by Michael Colvin on 25/02/1993.
That this House, while endorsing the principle of self regulation of financial services, acknowledges the lack of confidence in the existing system; and calls upon the Securities and Investments Board to proceed with urgency to establish the proposed Personal Investment Authority, creating a single system, embracing banks and building societies as well as those bodies and individuals currently covered by FIMBRA and LAUTRO to resolve complaints and provide compensation for investors.
This motion has been signed by a total of 48 MPs, 3 of these signatures have been withdrawn.
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