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The Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1999
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- UK Statutory Instruments
- 1999 No. 1576
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations prescribe that overseas investment exchanges and overseas clearing houses recognised under the Financial Services Act 1986 must pay periodical fees of £9,000. The first such fee is payable on the date the exchange or clearing house is recognised. Subsequent fees are payable on the anniversary of that date.
The Regulations increase the periodical fees for overseas investment exchanges and overseas clearing houses from £8,000 to £9,000.
The Regulations provide for the revocation of the Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1993.
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