§ Mr. Foulkes
To ask the Chancellor of the Exchequer what representations he has received from hon. Members since January 1990 on the operaton of the investors compensation scheme; what discussions he has had with the officers of the scheme arising from such discussions; and if he will make a statement.
§ Mr. Nelson
I have received a number of such representations. The Securities and Investments Board has recently consulted about the funding of the scheme and is currently consulting about a number of minor changes to the rules. While the rules are a matter for SIB and decisions in individual cases are matters for the board, I am very conscious of the valuable work carried out by the scheme.