Duty to review certain existing powers of entry[0] 43.

Financial Secretary Piers Jacobs said the committee would review the constitution, powers and management of the stock and futures exchanges as well as the Government's securities and commodities trading commissions.

HMRC will continue to review other powers and will reform them as appropriate, after full consultation in accordance with Cabinet Office guidelines (minimum 12 week public consultation).

Chapter 1 reforms and repeals aspects of the powers to enter land and to review existing powers of entry legislation.

Second, work is ongoing by a working group of the Commission to review supervisory powers, voluntary delegation of tasks, supervisory cooperation and exchange of information.