841A 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.