Council for the Securities Industry

Updated: Aug 20, 2021

On 30th March 1978, the Bank of England announced that, following extensive consultations with Chairmen and senior representatives of the member organisations of the Take-over Panel and with the Chairman of the Consultative Committee of Accountancy Bodies, general agreement had been reached for the setting up of a new self-regulatory body for the securities industry. The new body would be entitled The Council for the Securities Industry (CSI). A document setting out the constitution, aims, and basis of operation of the CSI and the means by which it would be fInanced was circulated to members of constituent organisations for their endorsement. This document, the text of which is appended, was subsequently endorsed by all recipients.

Mr Patrick Neill, QC, Warden of All Souls College, Oxford, is the Chairman of the new Council. The Deputy Chairman is Sir Alexander 10hnston, GCB, who also continues as Deputy Chairman of the Panel on Take-overs and Mergers. The Rt Hon. Lord Shawcross, PC, GBE, QC continues as Chairman of the Panel on Take-overs and Mergers and will have a seat on the Council. The Bank are providing the Secretary of the Council and are also making temporary accommodation available in the Bank until permanent accommodation in the Stock Exchange Tower is ready for occupation.

Reference: Bank of England

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.