- Latest available (Revised)
- Original (As enacted)
Finance Act 2007, Paragraph 5 is up to date with all changes known to be in force on or before 31 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
5(1)Section 80C of FA 1986 (exemption from stamp duty: repurchases and stock lending) is amended as follows.U.K.
(2)In subsection (1) (application of section), after “conditions set out in subsection” insert “ (2A) or ”.
(3)After subsection (2) insert—
“(2A)The conditions in this subsection are—
(a)that A or B is authorised under the law of an EEA State to provide any of the investment services or activities listed in Section A 2 or 3 of Annex I to the Directive (execution of orders on behalf of clients and dealing on own account) in relation to stock of the kind concerned, whether or not A or B is authorised under the Directive; and
(b)that stock of the kind concerned is regularly traded on a regulated market.”
(4)In subsection (3) (conditions for exemption)—
(a)after “The conditions” insert “ in this subsection ”,
(b)for “an EEA exchange” substitute “ a regulated market, a multilateral trading facility ”, and
(c)after “on that” insert “ market, facility or ”.
(5)In subsection (6) (meaning of arrangement being on an exchange)—
(a)after “effected on” insert “ a market, a facility or ”, and
(b)for “the exchange” (in each place) substitute “ the market, facility or exchange ”.
(6)In subsection (7)—
(a)after “In this section—” insert—
““the Directive” has the meaning given in section 80B(2) above;
“EEA State” has the meaning given in section 80B(2) above;”, and
(b)omit the definition of “EEA exchange” (together with the “and” at the end of it).
(7)After that subsection insert—
“(7A)Each of the following expressions—
“multilateral trading facility”, and
“regulated market”,
has the same meaning in this section as it has for the purposes of the Directive.”
(8)The amendments made by this paragraph have effect in relation to any instrument executed on or after 1st November 2007.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: