§ Mr. Cousins
To ask the Secretary of State for Trade and Industry when companies will be required to identify the amount of non-audit fees paid to directors.
§ Mr. Redwood
[holding answer 29 October 1990]: I assume that the hon. Member is referring to the power in section 390B of the Companies Act 1985, inserted into that Act by section 121 of the Companies Act 1989, to make regulations requiring the disclosure of non-audit fees paid to auditors or their associates. The Department is currently consulting interested parties on the drafting of the regulations.