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Fimbra

Volume 165: debated on Wednesday 17 January 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.

36.

To ask the Secretary of State for Trade and Industry if he will make a statement on FIMBRA.

110.

To ask the Secretary of State for Trade and Industry if he will make a statement on FIMBRA.

The Financial Intermediaries, Managers and Brokers Regulatory Association is one of five self-regulating organisations recognised by the Securities and Investments Board under the Financial Services Act 1986. It is responsible for authorising independent investment intermediaries to conduct investment business and monitoring their compliance with the rules and regulations made under the Financial Services Act. In common with other Financial Services Act regulators, FIMBRA is in the process of reviewing certain aspects of its own rulebook in the light of changes to the Financial Services Act contained in the Companies Act 1989. Questions regarding the recognition of FIMBRA are matters for the Securities and Investments Board.