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Written question asked by Jackie Lawrence (Labour) on Tuesday, 8 June 1999, in the House of Commons. It was due for an answer on Wednesday, 9 June 1999. It was answered by Patricia Hewitt (Labour) on Wednesday, 9 June 1999 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, what plans he has to increase the fees Her Majesty's Treasury currently charges to applicants for Recognised Overseas Investment Exchange status or Recognised Overseas Clearing House status under sections 112 and 113 of the Financial Services Act 1986. - Includes figures.
Answer

Ms Lawrence: To ask the Chancellor of the Exchequer what plans he has to increase the fees Her Majesty's Treasury currently charges to applicants for Recognised Overseas Investment Exchange status or Recognised Overseas Clearing House status under sections 112 and 113 of the Financial Services Act 1986. [86617] Ms Hewitt: The application fee will be increased to £33,000 and the periodical fee will be increased to £9,000 with effect from 1 July 1999.


Secondary information

Type
Written question
Reference
332 c327W; 86617
Session
1998-99
Subjects
Applications Fees and charges Financial services Financial institutions Overseas investment Exchange control
Contains statistics
Yes