33.—(1) The Inheritance Tax (Market Makers and Discount Houses) Regulations 2012(1) are amended as follows.
(2) In regulation 6—
(a)omit “other than the United Kingdom”;
(b)in sub-paragraph (a) omit “which has been notified to the European Commission”.
(3) In regulation 7—
(a)omit “other than the United Kingdom”;
(b)in sub-paragraph (a) omit “which has been notified to the European Commission”.
(4) After regulation 7 insert—
“8. In these Regulations “regulated market” means—
(a)a UK regulated market within the meaning given by Article 2.1(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments,
(b)an EU regulated market within the meaning given by Article 2.1(13B) of that Regulation, and
(c)a regulated market within the meaning given by Article 2.1(13) of that Regulation which is authorised and functions regularly and in accordance with Part 3 of the Financial Services (Markets in Financial Instruments) Act 2018 of Gibraltar.”.
Commencement Information