PART XIX SUPPLEMENTAL
Interpretation
F1841A Recognised clearing systems.
1
In the Tax Acts, “recognised clearing system” means any system for clearing—
a
quoted Eurobonds (as defined by section 124), or
b
relevant foreign holdings (as defined by section 18(3C)),
which is for the time being designated for the purposes of this section as a recognised clearing system by an order made by the Board.
2
An order under this section—
a
may contain such transitional and other supplemental provision as appears to the Board to be necessary or expedient; and
b
may be varied or revoked by a subsequent order.