§ Ms LawrenceTo ask the Chancellor of the Exchequer if United States investment exchanges have applied to be recognised over the past year as overseas investment exchanges in the United Kingdom under sections 37 and 40 of the Financial Services Act 1986. [72996]
§ Ms HewittThe Cantor Financial Futures Exchange (CFEE) applied for recognition in September 1998 and, with effect from today, has been granted recognition as an Overseas Investment Exchange, having satisfied the conditions under sections 37 and 40 of the Financial Services Act 1986. CFFE is therefore able to carry out investment business in the UK.