Part XVIII Recognised Investment Exchanges and Clearing Houses

Chapter I Exemption

Supervision

I1295 Notification: overseas investment exchanges and overseas clearing houses.

1

At least once a year, every overseas investment exchange and overseas clearing house must provide the Authority with a report.

2

The report must contain a statement as to whether any events have occurred which are likely—

a

to affect the Authority’s assessment of whether it is satisfied as to the requirements set out in section 292(3); or

b

to have any effect on competition.

3

The report must also contain such information as may be specified in rules made by the Authority.

4

The investment exchange or clearing house must provide the Treasury and the F1OFT with a copy of the report.