The Stamp Duty Reserve Tax (Amendment) Regulations 1992

2.  In regulation 2 of the Stamp Duty Reserve Tax Regulations 1986(1)—

(a) after the definition of “broker and dealer” there shall be inserted—

““European institution” has the meaning given by regulation 3 of the Banking Coordination (Second Council Directive) Regulations 1992(2);”;

(b) after the definition of “General Commissioners” there shall be inserted—

““investment business” has the meaning given by section 1(2) of the Financial Services Act 1986(3);”;

(c) at the end of the definition of “qualified dealer” there shall be added—

“or

(c) is a European institution which carries on investment business in the United Kingdom;”.

(1)

S.I. 1986/1711; a relevant amending instrument is S.I. 1988/835.

(2)

S.I. 1992/3218.

(3)

1986 c. 60.