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Maxwell Companies

Volume 203: debated on Tuesday 4 February 1992

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To ask the Secretary of State for Trade and Industry what response he has made to representations concerning the adequacy of the supervision by the Securities and Investments Board and the Investment Management Regulatory Organisation of the managers of the pension funds of companies of which the late Robert Maxwell was a director.

My Department is in close touch with SIB and IMRO about regulatory lessons on supervision of pension fund managers to be drawn from the Maxwell case.