{
  "url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-19",
  "json_url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-19.json",
  "legislation": "uksi/1998/3177",
  "legislation_title": "The European Single Currency (Taxes) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Euroconversion—loan relationships consequences",
  "text": "(1) Paragraph 15 of Schedule 9 to the Finance Act 1996 (loan relationships—repo transactions and stock-lending) shall have effect as if the definition of “repo or stock-lending arrangements” in sub-paragraph (3) of that paragraph also included provision under an agreement or series of agreements for the original owner, or a person connected with him, subsequently to be or become entitled, or required, to have transferred to him either—\n(a) the rights accruing on a euroconversion of the loan relationship, or\n(b) where the rights include a payment on the euroconversion, other than interest, of an amount which, when aggregated with all other payments on the euroconversion of loan relationships with equivalent rights which are the subject of the same repo or stock-lending arrangement, results in an aggregate amount that does not exceed 500 euros, either the whole of those rights or the whole of those rights apart from that payment.\n(2) In paragraph (1)(b) “equivalent rights” shall be construed in accordance with paragraph 15(4) of Schedule 9 to the Finance Act 1996.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/2007/2484",
      "affecting_title": "The Sale and Repurchase of Securities (Amendment of Instruments) Order 2007"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/3177/regulation/19",
    "retrieved_at": "2026-10-29T11:12:29.943459+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}