§ Mr. Cousins
To ask the Chancellor of the Exchequer what advice he has offered to the Securities and Investments Board and the formation committee of the proposed personal investment authority on the need for greater consumer representation.
§ Mr. Nelson
None. The formation committee was appointed by SIB and the self-regulating organisations (SROs) to establish the personal investment authority (PIA). I understand that the formation committee will be consulting widely on the constitution and other aspects of the PIA.