
1 
These Regulations may be cited as the Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1999 and shall come into force on 1st July 1999.
2 

(1) An overseas investment exchange or an overseas clearing house shall pay to the Treasury a periodical fee of £9,000.
(2) Such a fee shall be payable by an overseas investment exchange or an overseas clearing house–
(a) on the date on which it becomes an overseas investment exchange or an overseas clearing house, and
(b) on each anniversary of the date on which it became an overseas investment exchange or an overseas clearing house.
3 
The Financial Services Act 1986 (Overseas Investment Exchanges and Overseas Clearing Houses) (Periodical Fees) Regulations 1993 are revoked.
Jane Kennedy
Clive Betts
Two of the Lords Commissioners of Her Majesty’s Treasury
8th June 1999