§ Mr. Cousins
To ask the Secretary of State for Trade and Industry when he last discussed its disciplinary scheme with the institutions representing the accountancy profession.99W
§ Mr. Redwood
My right hon. Friend has not discussed their disciplinary arrangements with representatives of the accountancy profession. However, before he can recognise supervisory bodies under part II of the Companies Act 1989 he will need to be satisfied that they have adequate arrangements and resources for the effective monitoring and enforcement of compliance with their rules, including those relating to the discipline and expulsion of members.