- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
21.—(1) The Finance Act 1986(1) is amended as follows.
(2) In section 84(3)(a) (miscellaneous exemptions)(2), omit “, an EEA CSD” each place it occurs.
(3) In section 85(5)(c) (supplementary)(3), omit ““EEA CSD”” and “, (f)”.
22. In section 116(4)(b)(ii) of the Finance Act 1991(4) (investment exchanges, clearing houses and central securities depositories: stamp duty), omit “, an EEA CSD” and “, an EEA central counterparty”.
23. In regulation 5B of the Income Tax (Manufactured Overseas Dividends) Regulations 1993(5) (chains of payments involving central counterparties), in paragraph (6)—
(a)in the definition of “central counterparty”, omit “, EEA central counterparty”;
(b)omit the definition of “EEA central counterparty”.
24. In regulation 2 of the Investment Bank Special Administration Regulations 2011(6) (interpretation), in paragraph (1)—
(a)omit the definitions of “EEA central counterparty” and “EEA CSD”;
(b)in the definition of “market infrastructure body”, omit “, EEA central counterparty” and “, EEA CSD”.
25.—(1) The Stamp Duty and Stamp Duty Reserve Tax (Eurex Clearing AG) Regulations 2011(7) are amended as follows.
(2) In regulation 2 (interpretation)(8)—
(a)in the definitions of ““EEA central counterparty” and “third country central counterparty””—
(i)omit ““EEA central counterparty” and”;
(ii)for “have” substitute “has”;
(b)in the definition of “nominee”, omit “, prescribed EEA central counterparty”.
(3) In regulation 4 (prescribed circumstances for the purposes of sections 116 and 117)(9), in paragraph (3), omit sub-paragraph (fa).
26.—(1) The Stamp Duty and Stamp Duty Reserve Tax (LCH.Clearnet Limited) Regulations 2011(10) are amended as follows.
(2) In regulation 2 (interpretation)(11)—
(a)in the definitions of ““EEA central counterparty” and “third country central counterparty””—
(i)omit ““EEA central counterparty” and”;
(ii)for “have” substitute “has”;
(b)in the definition of “nominee”, omit “, prescribed EEA central counterparty”.
(3) In regulation 4 (prescribed circumstances for the purposes of sections 116 and 117)(12), in paragraph (3), omit sub-paragraph (fa).
27.—(1) The Stamp Duty and Stamp Duty Reserve Tax (SIX X-CLEAR AG) Regulations 2011(13) are amended as follows.
(2) In regulation 2 (interpretation)(14)—
(a)in the definitions of ““EEA central counterparty” and “third country central counterparty””—
(i)omit ““EEA central counterparty” and”;
(ii)for “have” substitute “has”;
(b)in the definition of “nominee”, omit “, prescribed EEA central counterparty”.
(3) In regulation 4 (prescribed circumstances for the purposes of sections 116 and 117)(15), in paragraph (3), omit sub-paragraph (fa).
28.—(1) The Stamp Duty and Stamp Duty Reserve Tax (Cassa Di Compensazione E Garanzia S.p.A.) Regulations 2011(16) are amended as follows.
(2) In regulation 2 (interpretation)(17)—
(a)in the definitions of ““EEA central counterparty and “third country central counterparty””—
(i)omit ““EEA central counterparty” and”;
(ii)for “have” substitute “has”;
(b)in the definition of “nominee”, omit “, prescribed EEA central counterparty”.
(3) In regulation 4 (prescribed circumstances for the purposes of sections 116 and 117)(18), in paragraph (3), omit sub-paragraph (fa).
29.—(1) The Stamp Duty and Stamp Duty Reserve Tax (European Central Counterparty N.V.) Regulations 2014(19) are amended as follows.
(2) In regulation 2 (interpretation)—
(a)in the definitions of ““EEA central counterparty” and “third country central counterparty””—
(i)omit ““EEA central counterparty” and”;
(ii)for “have” substitute “has”;
(b)in the definition of “nominee”, omit “, prescribed EEA central counterparty”.
(3) In regulation 4 (prescribed circumstances for the purposes of section 116 and 117), in paragraph (6), omit sub-paragraph (g).
Section 84(3)(a) was amended by S.I. 2017/1064.
Section 85(5)(c) was inserted by S.I. 2017/1064.
1991. c.31. Section 116(4)(b) was substituted by S.I. 2013/504 and amended by S.I. 2017/1064.
S.I. 1993/2004. The definition of “central counterparty in regulation 5B(6) was amended, and the definition of “EEA central counterparty” was inserted, by S.I. 2013/504.
S.I. 2011/245. The definition of “EEA central counterparty” was inserted by S.I. 2013/504; the definition of “EEA CSD” was inserted by S.I. 2017/1064; and the definition of “market infrastructure body” was amended by S.I. 2013/504 and S.I. 2017/1064, there are other amending instruments to this definition but none is relevant.
The definitions of “EEA central counterparty” and “third country central counterparty” were inserted, and the definition of “nominee” amended, by S.I. 2013/504.
Sub-paragraph (fa) was inserted by S.I. 2013/504.
The definitions of “EEA central counterparty” and “third country central counterparty” were inserted by, and the definition of “nominee” amended by, S.I. 2013/504.
Sub-paragraph (fa) was inserted by S.I. 2013/504.
The definitions of “EEA central counterparty” and “third country central counterparty” were inserted by, and the definition of “nominee” amended by, S.I. 2013/504.
Sub-paragraph (fa) was inserted by S.I. 2013/504.
The definitions of “EEA central counterparty” and “third country central counterparty” were inserted by, and the definition of “nominee” amended by, S.I. 2013/504.
Sub-paragraph (fa) was inserted by S.I. 2013/504.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: