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Norwich Union

Volume 181: debated on Wednesday 21 November 1990

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To ask the Secretary of State for Trade and Industry if he has received any representations on the intervention order by LAUTRO to prevent Norwich Union from taking business with the Winchester Group; and if he will make a statement.

My right hon. Friend has received no such representations. It is up to LAUTRO, and ultimately the Securities and Investments Board, to decide how to enforce the rules.