SAFEGUARDING THE PUBLIC
LONDON STOCK EXCHANGE'S RECOMMENDATIONS (British Official Wirele»».) Press Association—By Telegraph—Copyright RUGBY, January 3. A Stock Exchange sub-committee which has been considering for some time the growth of the “ fixed trust ” movement, in which it is estimated that more than £40,000,000 is now invested in Britain, has issued an interim report. Realising that the growth is the result of a genuine public demand for means by which the comparatively small investor may enter a slightly speculative but clearly defined field of investment, with the benefits of a spread risk, the committee finds that the public interest demands the authoritative establishment of standards to safeguard the public, and advises legislation for this purpose. The committee has drafted comprehensive regulations covering the form of trust deeds and certificates issued to investors. rules of management, and other matters which arc designed to remove dangers which the committee foresees might result from uncontrolled development of the movement under the influence of competition.
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Bibliographic details
Evening Star, Issue 22229, 6 January 1936, Page 7
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160SAFEGUARDING THE PUBLIC Evening Star, Issue 22229, 6 January 1936, Page 7
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