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The Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Notification) Regulations 1987

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Matters to be notified periodically

2.—(1) Except as provided in paragraph (4) of these Regulations, an overseas investment exchange and an overseas clearing house shall furnish the Secretary of State with a copy of any information relating to its financial position or to its future prospects which it is required under the law of the country or territory in which it has its head office to submit to the authorities in that country or territory on an annual basis.

(2) If the information referred to in the previous paragraph is prepared otherwise than in English, the overseas investment exchange or overseas clearing house shall, in addition, furnish the Secretary of State with an English translation of the information.

(3) The information required to be furnished to the Secretary of State under paragraphs (1) and (2) of this regulation shall be furnished within the period of 7 days beginning with the day on which it is required to be furnished to the authorities in the country or territory concerned.

(4) The preceding provisions of this regulation shall not apply to an overseas investment exchange or an overseas clearing house which is an oversea company within the meaning of section 744 of the Companies Act 1985(1).

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