SCHEDULE 18 Securities: Other Provisions

Miscellaneous

9

1

The Board may by regulations—

a

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b

substitute for section 21(1) of the M1Taxes Management Act 1970 a provision that the Board may exercise the powers conferred by section 21 F2in relation to such persons (whether market makers or not) and in such circumstances as are specified in the substituted provision;

c

make such incidental and consequential provisions (which may include the amendment of other provisions of . . . F3 section 21) as appear to the Board to be appropriate.

2

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3

So far as they relate to section 21, the regulations shall apply in relation to transactions effected on or after such day, after the day of The Stock Exchange reforms, as is specified in the regulations.