Part IVSTAMP DUTY AND STAMP DUTY RESERVE TAX
117 Investment exchanges and clearing houses: SDRT.
(1)
The Treasury may make regulations providing as mentioned in this section with regard to any circumstances which—
(a)
would (apart from the regulations) give rise to a charge to stamp duty reserve tax,
(b)
involve a prescribed recognised investment exchange or a prescribed recognised clearing house, or a member or nominee (or member or nominee of a prescribed description) of such an exchange F1or clearing house, or a nominee (or nominee of a prescribed description) of a member of such an exchange or clearing house, and
(c)
are such as are prescribed.
(2)
The regulations may provide that the charge to stamp duty reserve tax shall be treated as not arising or (depending on the terms of the regulations) as reduced.
(3)
Subsections (3) and (4) of section 116 above shall apply for the purposes of this section as they apply for the purposes of that.