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.