The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Collins
To ask the Chancellor of the Exchequer what proposals he has to introduce an independent appeals element into the decisions of the Personal Investment Authority; and if he will make a statement. [67646]
Ms Hewitt
As a self-regulating organisation, the Personal Investment Authority must have fair and reasonable rules for admission, expulsion and discipline over its member firms, with scope for appeals. The adequacy of these arrangements is a matter for the Financial Services Authority.