Re: A Trial Balloon to Ban

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Article #303

#303

From: Ross Anderson
Date: Mon, 02 Nov 1992 10:16

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Aeons ago, I wrote of Britain's Securities and Investment Board:

>|> If they want to, they can force you to hand over crypto keys just
like that.

weaver@kuttner.sfc.sony.com asked:

|> By what act or law can they do that?  Doesn't it conflict with the
|> Magna Carta or Brit. Bill of Rights?  Inquiring Yanks wanna know.

mt@kram.demon.co.uk (Mark Turner) wrote:

> There are probably a few of us Brits that would like to know. If such 
> legislation is in place here then it certainly hasn't been publicised
> very well.

The Financial Services Act of 1986 allows the SIB to compel testimony. It
can also delegate powers to recognised professional bodies such as the Law
Society and to clearing organisations, which might include APACS but
certainly includes the stock exchange.

If you are a director of a company, or acting on behlaf of a company, then 
the DTI (which also enforces crypto equipment export controls for GCHQ) has
similar powers.

Ross

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References: <1992Oct29.131705@kuttner.sfc.sony.com> <720649698snz@kram.demon.co.uk>

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From: rja14@cl.cam.ac.uk (Ross Anderson)
Subject: Re: A Trial Balloon to Ban 
Message-ID: <1992Nov2.101622.551@infodev.cam.ac.uk>
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Date: Mon, 2 Nov 1992 10:16:22 GMT
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