The Open-Ended Investment Companies (Investment Companies with Variable Capital) (Fees) (Amendment) Regulations 2000

Statutory Instruments

2000 No. 3324

COMPANIES

The Open-Ended Investment Companies (Investment Companies with Variable Capital) (Fees) (Amendment) Regulations 2000

Approved by both Houses of Parliament

Made

18th December 2000

Laid before Parliament

19th December 2000

Coming into force

2nd April 2001

The Secretary of State, in exercise of the powers conferred on him by section 708(1) and (2) of the Companies Act 1985(1), and by regulation 4(4) of, and paragraph 5 of Schedule 1 to, the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996(2), and of all other powers enabling him in that behalf, hereby makes the following Regulations:

1.  These Regulations may be cited as the Open-Ended Investment Companies (Investment Companies with Variable Capital) (Fees) (Amendment) Regulations 2000 and shall come into force on 2nd April 2001.

2.  The Schedule to the Open-Ended Investment Companies (Investment Companies with Variable Capital) (Fees) Regulations 1998(3) is amended by:

(a) substituting, in respect of the entries in the first column listed below, the sums set out in relation to those entries for the sums specified in relation to those entries in the second column of the Schedule to those Regulations as follows:

(i)	entry 3	£6.50
(ii)	entry 4(a)	£6.50
(iii)	entry 4(b)	£9.50
(iv)	entry 8(b)	£6.50 plus £1.00 for each document supplied.

Kim Howells,

Parliamentary Under-Secretary of State for Competition and Consumer Affairs,

Department of Trade and Industry

18th December 2000

Explanatory Note

(This note is not part of the Regulations)

These Regulations govern the statutory fees for microfiche based information services for open-ended investment companies (investment companies with variable capital).

Regulation 2 amends the Open-Ended Investment Companies (Investment Companies with Variable Capital) (Fees) Regulations 1998 by:

(1) increasing the fee payable in respect of the following matters from £5.00 to £6.50

(a) the inspection of a set of microfiche copies of the records of an investment company with variable capital (Fee No. 3),

(b) the delivery of a set of microfiche copies at an office of the registrar (Fee No. 4(a)),

(c) the delivery of a paper copy of records relating to an investment company with variable capital delivered at the office of the registrar, otherwise than on the same occasion as an inspection of the records relating to that investment company with variable capital (Fee No. 8(b)); and

(2) increasing the fee payable from £8.00 to £9.50 in respect of the delivery by post of a basic set of microfiche copies of the records of an investment company with variable capital (Fee No. 4(b)).

(1)

1985 c. 6; section 708(1) has been amended by sections 127(2) and 212 of, and by Schedule 24 to, the Companies Act 1989 (c. 40).

(2)

S.I. 1996/2827.

(3)

S.I. 1998/3087.