The Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1993

• Citation: S.I. 1993/954
• Sections: 3

Section 1 Citation and commencement

These regulations may be cited as the Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1993 and shall come into force on 10th May 1993.

Section 2 Prescription of periodical fees

(1) An overseas investment exchange or an overseas clearing house shall pay to the Treasury a periodical fee of £8,000.

(2) The first periodical fee payable by an overseas investment exchange or an overseas clearing house shall be payable on the date on which it becomes an overseas investment exchange or an overseas clearing house and each subsequent fee shall be payable at the end of each successive period of twelve months.

Section 3 Revocation

The Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1987 shall be revoked on 10th May 1993.