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(1)At least once a year, every overseas investment exchange and overseas clearing house must provide the Authority with a report.
(2)The report must contain a statement as to whether any events have occurred which are likely—
(a)to affect the Authority’s assessment of whether it is satisfied as to the requirements set out in section 292(3); or
(b)to have any effect on competition.
(3)The report must also contain such information as may be specified in rules made by the Authority.
(4)The investment exchange or clearing house must provide the Treasury and the [F1OFT] with a copy of the report.
Textual Amendments
F1Words in s. 295 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(9); S.I. 2003/766, art. 2, Sch. (with art. 3)
Commencement Information
I1S. 295 wholly in force at 1.12.2001; s. 295 not in force at Royal Assent see s. 431(2); s. 295 in force for specified purposes at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.; s. 295 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)