Amendments to the principal Regulations3

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.