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Financial Services: Marketing

Volume 459: debated on Tuesday 1 May 2007

To ask the Secretary of State for Trade and Industry how many organisations marketing individual voluntary arrangements were successfully prosecuted for using advertising that was in breach of the Control of Misleading Advertisements Regulations 1988 in each of the last five years; and if he will make a statement. (134173)

Any enforcement action regarding advertising of IVAs would be from OFT or ASA. Information regarding prosecutions and breaches of the CMARs can be found on the Consumer Regulations website, provided by the Office of Fair Trading, at www.crw.gov.uk. This records six cases since 2003 involving breaches of the CMARs, all of which were dealt with through undertakings by the companies and relevant individuals rather than by prosecutions.