Description for the purposes of sections 105(4A) and 234(3)(c)(ii) of the Inheritance Tax Act 19846

For the purposes of section 105(4A) of the Inheritance Tax Act 1984 the description of a business is a business in an EEA State F1... which—

a

holds itself out at all normal times, in compliance with the rules of a regulated market F2..., as willing to buy and sell securities, stocks and shares at a price specified by it, and

b

is recognised as doing so by that regulated market.