Part IVSTAMP DUTY AND STAMP DUTY RESERVE TAX
117F2Investment exchanges, clearing houses and central securities depositories: 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,
F1b
involve a prescribed relevant entity, or a member or nominee (or member or nominee of a prescribed description) of such a relevant entity, or a nominee (or nominee of a prescribed description) of a member of such a relevant entity, 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.