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Mr. Teddy Taylor
To ask the Secretary of State for Trade and Industry if persons who lose money on the basis of advice from persons with interim authorisation from FIMBRA or SIB have their interests protected in any way by these organisations; and if he will make a statement.
Mr. Redwood
Interim authorised persons are treated as though they had been granted authorisation and are effectively subject to the appropriate rules of FIM BRA or SIB. Interim authorised persons are not included in the investors' compensation scheme of SIB.