The Income Tax (Stock Lending) (Amendment) Regulations 1992

Amendments to the principal Regulations

3.  In regulation 2(1)—

(a) after the definition of “Board” there shall be inserted—

““Board of directors” means the Board of directors of LIFFE (A & M);”;

(b) after the definition of “gilt-edged securities” there shall be inserted—

““LIFFE” means The London International Financial Futures and Options Exchange;

“LIFFE (A & M)” means The London International Financial Futures Exchange (Administration and Management);”;

(c) after the definition of “market maker” there shall be inserted—

““member” means a member of LIFFE (A & M) who is recognised as such by the Board of directors;”;

(d) after the definition of “the Taxes Act 1988” there shall be added—

““United Kingdom equity securities” means shares issued by a company which—

(a) have been admitted to the Official List of the Stock Exchange, or are permitted to be dealt in on the Unlisted Securities Market of the Stock Exchange, or

(b) where the company issuing the shares is not resident in the United Kingdom, are registered in a register kept in the United Kingdom by or on behalf of that company.”.