FAILURE OF SELF-REGULATION OF FINANCIAL SERVICES - Early Day Motions - UK Parliament

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Early Day Motions

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House notes the increasing importance of the provision of financial services and that substantial sums are at risk; believes that the self-regulatory regime set up under the Financial Services Act 1986 has failed and is in need of complete overhaul; believes that this is not a matter for the industry or the Securities and Investment Board alone and therefore insists that a proper and effective regime is put in place without further delay; believes that the regulatory regime should be supervised by a majority of those representing the public interest and not by a convention of vested interests of the industry: notes the failure of the Securities and Investment Board to put in place the Personal Investment Authority or similar body, and that no adequate regulatory regime is likely to be in place before 1994; believes that any regulatory regime must have sufficient power and resources to regulate sale of financial products, and that the public interest would be best served by a complete overhaul of the current legislation which would provide for a regulatory regime that would be good for the public, efficient for the industry and command the confidence it is manifestly lacking at the moment; and believes that the Government's failure to take any interest in this matter illustrates that it has chosen to side with the vested interests of the industry rather than the interests of the public.

Signatures (107)

Supporters (107)
Withdrawn signatures (0)

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

Darling, Mr Alistair

8 February 1993

Edinburgh Central

Adams, Mrs Irene

8 February 1993

Ainsworth, Mr Bob

8 February 1993

Coventry North East

Anderson, Janet

9 February 1993

Rossendale and Darwen

Austin-Walker, John

8 February 1993

Barnes, Mr Harry

9 February 1993

North East Derbyshire

In addition to the sponsors, the following Members have signed to support the motion.

9 February 1993

8 February 1993

Bermingham, Mr Gerry

8 February 1993

St Helens South

Berry, Dr Roger

8 February 1993

Betts, Mr Clive

10 February 1993

Sheffield, Attercliffe

Boateng, Mr Paul

8 February 1993

15 February 1993

Houghton and Washington

Bradley, Mr Keith

11 February 1993

Manchester, Withington

Brown, Mr Nicholas

8 February 1993

Newcastle upon Tyne East

Campbell, Mrs Anne

8 February 1993

Campbell, Mr Ronnie

8 February 1993

Campbell-Savours, Mr Dale

23 February 1993

10 February 1993

Chisholm, Mr Malcolm

8 February 1993

Edinburgh, Leith

Clapham, Mr Michael

10 February 1993

Barnsley West and Penistone

Connarty, Michael

9 February 1993

8 February 1993

9 February 1993

8 February 1993

9 February 1993

Cunliffe, Mr Lawrence

9 February 1993

Cunningham, Mr Jim

8 February 1993

Coventry South East

Davidson, Mr Ian

10 February 1993

Denham, Mr John

15 February 1993

Southampton, Itchen

9 February 1993

Dunnachie, Jimmy

9 February 1993

Glasgow, Pollok

Dunwoody, Mrs Gwyneth

Crewe and Nantwich

15 February 1993

9 February 1993

Manchester, Blackley

8 February 1993

Etherington, Bill

11 February 1993

Sunderland North

9 February 1993

St Helens North

10 February 1993

8 February 1993

Godman, Dr Norman

9 February 1993

Greenock and Port Glasgow

Godsiff, Mr Roger

9 February 1993

Birmingham, Small Heath

Graham, Mr Tommy

25 February 1993

Renfrew West and Inverclyde

Griffiths, Mr Win

9 February 1993

Grocott, Mr Bruce

16 February 1993

Gunnell, Mr John

10 February 1993

Morley and Leeds South

9 February 1993

Hanson, Mr David

8 February 1993

Henderson, Mr Doug

8 February 1993

Newcastle upon Tyne North

Heppell, Mr John

8 February 1993

Nottingham East

8 February 1993

9 February 1993

Howells, Dr Kim

8 February 1993

Hughes, Mr Kevin

Doncaster North

10 February 1993

9 February 1993

Hutton, Mr John

8 February 1993

Barrow and Furness

Illsley, Mr Eric

10 February 1993

Barnsley Central

Ingram, Mr Adam

8 February 1993

11 February 1993

Sheffield, Hillsborough

Jones, Mr Barry

15 February 1993

Alyn and Deeside

8 February 1993

Birmingham, Selly Oak

Jones, Mr Martyn

16 February 1993

Clwyd South West

Lewis, Mr Terry

9 February 1993

Litherland, Robert

8 February 1993

Manchester Central

Livingstone, Mr Ken

10 February 1993

16 February 1993

Liverpool, Garston

Mackinlay, Andrew

8 February 1993

Mandelson, Peter

8 February 1993

McAllion, Mr John

9 February 1993

McCartney, Sir Ian

16 February 1993

McKelvey, William

9 February 1993

Kilmarnock and Loudoun

McLeish, Mr Henry

11 February 1993

McMaster, Gordon

8 February 1993

McWilliam, Mr John

Michie, Mr Bill

9 February 1993

Sheffield, Heeley

Milburn, Mr Alan

17 February 1993

16 February 1993

Ellesmere Port and Neston

Mitchell, Mr Austin

Moonie, Dr Lewis

8 February 1993

Morris, Estelle

8 February 1993

Birmingham, Yardley

Mudie, Mr George

9 February 1993

O'Hara, Mr Edward

10 February 1993

9 February 1993

Prentice, Bridget

10 February 1993

Primarolo, Dawn

9 February 1993

Purchase, Mr Ken

8 February 1993

Wolverhampton North East

Radice, Mr Giles

8 February 1993

Roche, Mrs Barbara

9 February 1993

Hornsey and Wood Green

Rogers, Mr Allan

Rooker, Mr Jeff

16 February 1993

Birmingham, Perry Barr

9 February 1993

18 February 1993

Nottingham South

Smith, Mr Andrew

8 February 1993

Steinberg, Mr Gerry

8 February 1993

10 February 1993

8 February 1993

Walker, Sir Harold

17 February 1993

Doncaster Central

9 February 1993

Glasgow Central

Wilson, Mr Brian

8 February 1993

Cunninghame North

Wise, Mrs Audrey

Worthington, Tony

10 February 1993

Clydebank and Milngavie

Wright, Dr Tony

18 February 1993

Cannock and Burntwood

There are no withdrawn signatures for this motion.